TORONTO, March 6, 2017 /CNW/ - BMO Investments Inc. (BMOII) today announced portfolio management changes to certain funds.
Effective on or about March 6, 2017, Monegy, Inc. will no longer act as portfolio manager for BMO Floating Rate Income Fund, BMO U.S. High Yield Bond Fund and BMO U.S. Dollar Monthly Income Fund. Also effective on or about March 6, 2017, BMO Asset Management Inc. will be appointed as portfolio manager for BMO Floating Rate Income Fund and BMO U.S. High Yield Bond Fund, BMO Asset Management Corp. will be appointed as sub-advisor of BMO Floating Rate Income Fund and Taplin, Canida & Habacht, LLC will be appointed as sub-advisor for BMO U.S. High Yield Bond Fund. For BMO U.S. Dollar Monthly Income Fund, BMO Asset Management Inc. will take over portfolio management responsibility for the portion of the portfolio previously managed by Monegy, Inc., and will appoint Taplin, Canida & Habacht, LLC as sub-advisor for that portion of the portfolio. As a result, BMO Asset Management Inc. remains as the portfolio manager for BMO U.S. Dollar Monthly Income Fund and BMO Asset Management Corp. and Taplin, Canida & Habacht, LLC remain as the sub-advisors for BMO U.S. Dollar Monthly Income Fund.
For more information on BMO Mutual Funds please visit www.bmo.com/mutualfunds.
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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.
BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp. and BMO's specialized investment management firms.
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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 $692 billion as of January 31, 2017, 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.
SOURCE BMO Financial Group