NEWS RELEASE TRANSMITTED BY Marketwired
FOR: BMO Financial Group
TSX SYMBOL: BMO
NYSE SYMBOL: BMO
and BMO Investments Inc.
and BMO InvestorLine
APRIL 8, 2014
BMO Investments Inc. Enhances Its Mutual Fund Offerings
- Reduction of Series F management fees will provide access to lower cost
mutual funds within fee-based accounts - Thirty-three new discount Series D
mutual funds now available exclusively to BMO InvestorLine self-directed
TORONTO, ONTARIO--(Marketwired - April 8, 2014) - BMO Investments Inc. (BMOII)
has announced that it has made enhancements to its mutual fund lineup as part
of its ongoing commitment to providing Canadian investors with easier fund
access, increased investing opportunities and industry-leading pricing.
BMOII Reduces Series F Management Fees
BMOII has reduced the Series F management fees across its mutual fund lineup,
providing investors with increased access to lower cost mutual funds within
fee-based accounts. BMOII offers 67 Series F Mutual Funds.
"Fee-based investing is an important market segment in the advisor
industry and one in which we're committed to building our
capabilities," said Kevin Gopaul, Senior Vice President and Chief
Investment Officer, BMO Asset Management Inc. "These latest reductions to
our Series F fees make it easier for Canadian investors seeking innovative
products to access a wider variety of funds at a lower cost. We're proud
to be offering a competitive suite of fee-based solutions, and we'll
continue to seek opportunities to lower costs and increase growth."
BMOII Launches Series D Mutual Funds through BMO InvestorLine
BMOII also announced that it is now offering new BMO Mutual Funds - Series D, a
suite of 33 funds currently available exclusively through BMO InvestorLine.
Series D provides BMO InvestorLine self-directed clients with access to a full
suite of professionally-managed mutual funds at a low cost.
"BMO created Series D funds specifically for our InvestorLine
self-directed clients in order to provide them with access to low-fee mutual
fund options," said Julie Barker-Merz, President, BMO InvestorLine.
"This offering is the latest example of our ongoing commitment to meeting
our clients' evolving needs by providing them with different investing
options in a more convenient and affordable way."
For more information about the new BMO Mutual Funds - Series D, please visit
For more information on BMO Mutual Funds please visit www.bmo.com/mutualfunds.
Get the latest BMO press releases via Twitter by following @BMOmedia.
BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm
and separate legal entity from Bank of Montreal.
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 InvestorLine Inc. is a member of BMO Financial Group.
(R) Registered trade-mark of Bank of Montreal, used under licence. BMO
InvestorLine Inc. is a wholly owned subsidiary of Bank of Montreal Holdings
Inc. Member - Canadian Investor Protection Fund and IIROC.
FOR FURTHER INFORMATION PLEASE CONTACT:
Amanda Robinson, Toronto
Valerie Doucet, Montreal
INDUSTRY: Financial Services - Commercial and Investment Banking, Financial
Services - Insurance, Financial Services - Investment Services and Trading,
Financial Services - Personal Finance, Financial Services - Retail Banking
-0- Apr/08/2014 12:00 GMT
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