BMO Investments has announced portfolio management changes to two of its mutual funds.
Effective on or about January 9, 2015, Monegy, Inc. will become the portfolio manager for BMO High Yield Bond Fund, and effective on or about January 9, 2015, F&C Management Limited (F&C) will become the sub-advisor for BMO European Fund.
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The investment strategies of both funds will be changed to reflect the respective investment styles of Monegy and F&C.
"Monegy and F&C are both leading investment management firms with proven track records and we believe these changes to be in the best interest of investors," said Mark Raes, Head of Product, BMO Investments Inc.
BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.
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