BMO Investments Inc. said Monday it has received securityholder and regulatory approval to proceed with the proposed changes to its BMO Guardian Funds and BMO Mutual Funds line-ups announced September 25.
For a complete list of terminated funds, continuing funds and merger date, click here.
BMO Investments has also received securityholder and regulatory approval to change the investment objective of BMO American Equity Class to be substantially similar to the current investment objective of BMO Guardian American Equity Fund Ltd. Corresponding changes will be made to the investment strategies for this fund.
In addition, as a result of the merger involving its current underlying fund, the underlying fund of BMO Emerging Markets Class will become BMO Emerging Markets Fund. The investment objective of BMO Emerging Markets Class is to provide long-term capital appreciation. Currently, BMO Emerging Markets Class seeks a similar return to BMO Guardian Emerging Markets Fund by investing primarily in units of that fund. On the effective date of the merger, BMO Emerging Markets Class will seek a similar return to BMO Emerging Markets Fund by investing primarily in units of that fund.
IE
Investors approve mergers of BMO and BMO Guardian funds
Investment objectives of certain funds to change
- By: IE Staff
- November 16, 2009 November 16, 2009
- 16:28