BMO Investments Inc. Announces Changes to Existing Funds
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 02/03/17 -- BMO Investments Inc. (BMOII) announced fee reductions across its fund lineup, along with the launch of the new series.
"BMO Mutual Funds and BMO ETFs have staked ground for delivering low fees for Canadian investors. We constantly review our product shelf to find cost efficiencies to pass through to our clients," said Kevin Gopaul, Chief Investment Officer and Head, BMO Global Asset Management Canada. "Management fees on our F Series funds will now be - on average - 25 per cent lower(i) than others in the category, allowing us to deliver even greater value for investors."
Effective February 1, 2017 BMOII reduced management fees by up to 25 basis points on 26 mutual funds, including Series F, Series F (Hedged), Series F6, Series T5 and Advisor Series. The chart below summarizes these management fee reductions:
(i)Source: Morningstar
Effective February 1, 2017, BMOII also reduced the administration fee applicable to each of BMO Canadian Equity Class and BMO Dividend Class from 27 to 16 basis points and from 22 to 13 basis points, respectively, and will reduce the service fees or trailing commissions applicable to certain series of BMO Mortgage and Short-Term Income Fund, BMO World Bond Fund, BMO Short-Term Income Class, BMO LifeStage Plus 2022 fund, BMO LifeStage Plus 2025 fund, BMO LifeStage Plus 2026 fund, BMO LifeStage Plus 2030 fund and BMO SelectClass® Income Portfolio.
BMOII will also qualify for distribution series F2 securities for each of BMO Balanced ETF Portfolio and BMO Balanced ETF Portfolio Class and series F (Hedged) securities for BMO Tactical Global Bond ETF Fund.
For more information on BMO Mutual Funds please visit .
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BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal. Commissions, Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts or prospectus of the mutual fund before investing. Mutual funds are not guaranteed.
About BMO Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $688 billion as of October 31, 2016, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
Contacts:
Media Contacts:
Catherine Litwinski, Toronto
416-867-3996
Valerie Doucet, Montreal
514-877-8224
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Datum: 03.02.2017 - 20:21 Uhr
Sprache: Deutsch
News-ID 521908
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TORONTO, ONTARIO
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Commercial & Investment Banking
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