BMO Investments Inc. Announces Portfolio Management Change
TORONTO, ONTARIO -- (Marketwire) -- 03/19/13 -- BMO Investments Inc.
today announced a change of portfolio management for BMO World Bond
BMO Asset Management Inc. ("BMOAM") will replace the current
portfolio manager, Insight Investment Management (Global) Limited,
and will assume all portfolio management duties in relation to BMO
World Bond Fund. The investment strategies of BMO World Bond Fund
will be changed to reflect the investment style of BMOAM. This change
will be effective on or about April 26, 2013.
"This change will leverage the strengths we have built within BMO
Asset Management over the past several years, through which we have
broadened both the scope and depth of our global investment
management capabilities," said Robert Bechard, Senior Vice-President
and Head of Portfolio Management, BMO Asset Management Inc.
About BMO Investments Inc.
BMO Investments Inc. is a member of BMO Financial Group and part of
the organization's Private Client Group ("PCG"). PCG, BMO's group of
wealth management businesses, serves a full range of client segments
from mainstream to ultra-high net worth individuals and institutions,
with a broad offering of wealth management products and solutions
including insurance products. PCG operates in both Canada and the
United States, as well as in Asia and Europe and had total assets
under management and administration of $479 billion as at January 31,
About BMO Asset Management Inc.
BMO Asset Management Inc. is a Canadian institutional money manager
with over $40 billion in total assets under management. Clients
include pensions, endowments, trusts, insurance company reserves,
corporate surpluses and mutual funds. Its approach to investing draws
upon the entire resources of a stable, experienced management team
whose philosophy is based on creating wealth while diversifying
portfolio risk. BMO Asset Management Inc. is also a member of BMO
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. Please read the
prospectus of the mutual fund before investing. Mutual funds are not
guaranteed, their values change frequently and past performance may
not be repeated.
BMO Mutual Funds are offered by BMO Investments Inc., a financial
services firm and separate legal entity from Bank of Montreal.
Amanda Robinson, Toronto
Valerie Doucet, Montreal
Laurie Grant, Vancouver
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