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 clients
TORONTO, ONTARIO -- (Marketwired) -- 04/08/14 -- 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
"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
For more information about the new BMO Mutual Funds - Series D,
please visit www.bmoinvestorline.com.
For more information on BMO Mutual Funds please visit
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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.
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
Amanda Robinson, Toronto
Valerie Doucet, Montreal
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