TORONTO, July 21, 2023 /CNW/ - BMO Private Investment Counsel Inc., the manager of BMO Private Emerging Markets Equity Portfolio (the "Portfolio"), today announced a sub-advisor change to the Portfolio.

Effective on or about July 28, 2023, ARGA Investment Management, LP will replace Comgest SA as sub-advisor for the Portfolio and Comgest SA will cease to be a sub-advisor for the Portfolio.

There will be no change to the Portfolio's fundamental investment objectives or to the investment risk rating as a result of this change.

BMO Private Wealth is a brand name for a business group consisting of Bank of Montreal and certain of its affiliates in providing private wealth management products and services. Not all products and services are offered by all legal entities within BMO Private Wealth. Banking services are offered through Bank of Montreal. Investment management, wealth planning, tax planning and philanthropy planning services are offered through BMO Nesbitt Burns Inc. and BMO Private Investment Counsel Inc. Estate, trust, and custodial services are offered through BMO Trust Company. BMO Private Wealth legal entities do not offer tax advice. 

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.25 trillion as of April 30, 2023. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to over 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future and inclusive society.

SOURCE BMO Financial Group

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