Toronto-based BMO Investments Inc. on Tuesday announced changes to its existing funds, including management fee reductions and portfolio management and name changes.

Effective on or about Oct. 30, 2015, BMO Investments is lowering management fees on certain of its funds as follows:

  • Series F securities of BMO Global Strategic Bond Fund from 0.65% to 0.45%
  • Series A and Advisor Series securities of BMO LifeStage Plus 2022 Fund from 2.00% to 1.65%
  • Series A and Advisor Series securities of BMO LifeStage Plus 2026 Fund from 2.25% to 2.15%
  • Series L securities of BMO Tactical Balanced ETF Fund from 0.30% to 0.25%

BMO Investments also announced that, effective immediately, BMO Asset Management Corp. no longer acts as sub-advisor of BMO Canadian Tactical ETF Class and BMO Global Tactical ETF Class. BMO Asset Management Inc. will remain as portfolio manager for these funds. These funds’ strategies will change to focus on lower volatility securities. Also, on or about Nov. 16, the funds’ names will change to BMO Canadian Low Volatility ETF Class and BMO Global Low Volatility ETF Class, respectively, to align more closely with the revised strategies.