BMO Nesbitt Burns Inc. Thursday announced the planned merger of several of its funds into BMO Mutual Funds to “provide clarity” to BMO’s fund lineup and “enhance economies of scale”.
The mergers are to be effective on December 13.
BMO Nesbitt anticipates that BMO Canadian Stock Selection Fund and BMO International Value Fund will be launched by BMO Investments Inc. in November. The mergers of BMO Nesbitt Burns Canadian Stock Selection Fund and BMO Nesbitt Burns International Equity Fund are conditional upon such funds being launched.
The terminating funds will no longer be offered for sale beginning December 6, and will be wound up as soon as possible following the mergers.
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Terminating BMO Nesbitt Burns Fund |
Continuing BMO Mutual Fund |
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BMO Nesbitt Burns Canadian Stock Selection Fund |
BMO Canadian Stock Selection Fund Selection Fund |
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BMO Nesbitt Burns U.S. Stock Selection Fund |
BMO U.S. Equity Fund |
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BMO Nesbitt Burns Bond Fund |
BMO Bond Fund |
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BMO Nesbitt Burns Balanced Fund |
BMO Asset Allocation Fund |
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BMO Nesbitt Burns International Equity Fund |
BMO International Value Fund |
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BMO Nesbitt Burns Balanced Portfolio Fund |
BMO FundSelect Balanced Portfolio |
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BMO Nesbitt Burns Growth Portfolio Fund |
BMO FundSelect Growth Portfolio |
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BMO Nesbitt Burns Maximum Growth Portfolio Fund |
BMO FundSelect Equity Growth Portfolio |