TORONTO, Dec. 14 /CNW/ - BMO Investments Inc. announced today that Aberdeen Asset Management Inc. will replace Insight Investment Management (Global) Limited as portfolio manager of BMO Global Equity Class, a class of BMO Global Tax Advantage Funds Inc., on January 8, 2010.
Based in Aberdeen, Scotland, UK, and founded in 1983, Aberdeen Asset Management Inc. is an independent investment manager, managing over C$251 billion for individual and institutional clients throughout the world. The regional investment teams are based in the markets or regions in which they invest. Aberdeen's global equity team, led by Stephen Docherty, is based in Edinburgh.
In addition, effective on or about January 1, 2010, BMO Investments Inc., as manager, will increase the maximum service fee under the sales charge option of BMO Guardian Monthly Dividend Fund Ltd. from 0.75% to 1.00%, under the standard deferred charge option from 0.25% to 0.50%, and under the low load deferred charge option from 0.50% to 1.00%. There will be no increase to the maximum service fee under the sales charge option for Classic Units.
Also effective on or about January 1, 2010, BMO Investments Inc., as manager, will increase the maximum service fee under the low load deferred charge option of BMO Guardian Canadian Diversified Monthly Income Fund from 0.50% to 1.00%. There will be no increase to the maximum service fee under the sales charge option or under the standard deferred charge option.
About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration of $230 billion as at July 31, 2009.
SOURCE BMO BANK OF MONTREAL
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