TORONTO, Nov. 18, 2019 /CNW/ - BMO Investments Inc. ("BMOII"), the manager of the BMO Global Diversified Fund (the "Fund"), today announced a new series launch, management fee reductions to certain series of the Fund and a portfolio manager change for the Fund.  In addition, the Fund's name changed to BMO Concentrated Global Balanced Fund and its investment strategies changed.

New Cash Flow Option Series

BMOII has expanded its cash flow solutions with Series F6 securities being added to the Fund subject to receipt of securities regulatory approval.

Management Fee Reductions

Effective immediately, BMOII has reduced the management fees on Series A, Series T5, Series T6 and Advisor Series securities of the Fund from 2.00% to 1.60%. 

Effective immediately, BMOII has also reduced the management fee on Series D securities of the Fund from 1.25% to 0.85%.

Change of Portfolio Manager

Effective November 15, 2019, Matthews International Capital Management, LLC ("Matthews") ceased to act as a portfolio manager of the Fund and Guardian Capital LP took over portfolio management responsibility for the portion of the Fund's portfolio previously managed by Matthews. BMO Asset Management Inc. remains as a portfolio manager for the Fund.  In addition, the Fund's name changed to BMO Concentrated Global Balanced Fund and its investment strategies changed.

For more information about the Fund and other BMO Mutual Funds please visit www.bmo.com/mutualfunds.

^®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.

BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO's specialized investment management firms.

BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

Commissions, management fees and expenses all may be associated with investments in mutual funds. Trailing commissions may be associated with investments in certain series of securities of mutual funds.  Please read the fund facts or simplified prospectus of the relevant mutual fund before investing.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.  For a summary of the risks of an investment in BMO Mutual Funds, please see the specific risks set out in the simplified prospectus. 

About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $839 billion as of July 31, 2019, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group

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