BMO Investments Inc. (BMOII) announced Nov. 18 that it is making a number of changes to the BMO Global Diversified Fund.

These changes include a new series launch, management fee reductions to certain series of the fund and a portfolio manager change for the fund.  In addition, the fund's name changed to BMO Concentrated Global Balanced Fund and its investment strategies changed.

BMOII has expanded its cash flow solutions with Series F6 securities being added to the fund subject to receipt of securities regulatory approval. It has also, effective immediately, reduced the management fees on Series A, Series T5, Series T6 and Advisor Series securities of the Fund from 2.00% to 1.60%.  The management fee on Series D securities of the Fund have been reduced from 1.25% to 0.85%.

Portfolio manager change

Matthews International Capital Management, LLC is no longer acting as a portfolio manager of the Fund. This change became effective Nov. 15. Guardian Capital LP has taken over portfolio management responsibility for the portion of the Fund's portfolio previously managed by Matthews. BMO Asset Management Inc. remains as a portfolio manager for the Fund.