TORONTO, May 10, 2019 /CNW/ - BMO Investments Inc. ("BMOII"), the manager of the BMO Mutual Funds, today announced new fund and series launches, fee reductions, a name change and risk rating reductions to certain funds.

New Fund Launches

BMOII has launched the following new funds with Series A, Series F, Series D, Series I and Advisor Series securities (subject to receipt of securities regulatory approval):

• BMO Concentrated U.S. Equity Fund – This fund provides investors with a portfolio of U.S. high quality equity securities, investing with high concentration to deliver long-term capital appreciation.
• BMO Low Volatility Canadian Equity ETF Fund – This fund invests in a diversified portfolio of Canadian equities that have lower sensitivity to market movement with the potential for long-term capital appreciation.

New Cash Flow Option Series

BMOII has expanded its cash flow solutions with Series T6 and Series F6 securities being added to BMO Concentrated Global Equity Fund (subject to receipt of securities regulatory approval).

Fee Reductions

Effective immediately, BMOII has reduced the management fee on Series L securities of three BMO Mutual Funds as indicated in the table below:

Fund Name Change

Effective immediately, BMO Fossil Fuel Free Fund has changed its name to BMO Sustainable Opportunities Global Equity Fund.

Risk Rating Reductions

Effective immediately, the risk ratings of the funds listed in the table below have been reduced. There are no changes to the investment objectives, strategies or management of these funds associated with the new risk ratings.

These risk rating reductions are based on the standardized risk classification methodology mandated by the Canadian Securities Administrators and an annual review by BMOII to determine the risk level of its publicly offered mutual funds.

For more information about 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 $807 billion as of January 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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