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Mutual funds

BMO Investments changes its mutual funds line-up

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BMO Investments has proposed changes to the BMO Equity Index Fund, BMO International Index Fund and BMO US Equity Index Fund.

Subject to unitholder approval, the investment objectives of BMO Equity Index Fund will change to allow the fund to provide a return that is similar to the return of one or more exchange-traded funds that invest primarily in Canadian equities.

The fund may invest all or a portion of its assets in one or more ETFs, invest directly in the underlying securities held by the ETFs and/or use derivatives to provide the fund with a return determined by reference to the ETFs.

If the change to investment objectives is approved, the investment strategies for this fund will be revised to reflect the new objectives. In addition, the fund’s name will change to BMO Canadian Equity ETF Fund.

Subject to unitholder approval, the investment objectives of BMO International Index Fund will change to allow the fund to provide a return that is similar to the return of one or more exchange-traded funds that invest primarily in international equities.

The fund may invest all or a portion of its assets in one or more ETFs, invest directly in the underlying securities held by the ETFs and/or use derivatives to provide the fund with a return determined by reference to the ETFs.

If the change to investment objectives is approved, the investment strategies for this fund will be revised to reflect the new objectives. In addition, the portfolio manager of the fund will change from State Street Global Advisors to BMO Asset Management and the fund’s name will change to BMO International ETF Fund.

Subject to unitholder approval, the investment objectives of BMO US Equity Index Fund will change to allow the fund to provide a return that is similar to the return of one or more exchange-traded funds that invest primarily in US equities.

The fund may invest all or a portion of its assets in one or more ETFs, invest directly in the underlying securities held by the ETFs and/or use derivatives to provide the fund with a return determined by reference to the ETFs.

If the change to investment objectives is approved, the investment strategies for this fund will be revised to reflect the new objectives. In addition, the portfolio manager of the fund will change from Harris Investment Management to BMO Asset Management and the fund’s name will change to BMO US Equity ETF Fund.

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