BMO terminates funds

Toronto-based BMO Investments Inc. (BMO) has announced it will no longer accept purchase orders for BMO Guardian European Fund Series T5 and BMO Guardian Global Infrastructure Fund Series T5, which will be terminated on March 28. The fund series are being terminated because they are too small to be economically viable to continue as Series T5 units, says BMO. Investors may continue to hold Series T5 units until March 28, at which time the units can be: redesignated as A-class units; be switched to another BMO Guardian mutual fund: or redeemed entirely. Also, BMO will no longer accept purchase orders for BMO Guardian American Equity Class Series H, BMO Guardian Global Infrastructure Fund Series F or F5-class units of BMO Guardian Canadian Diversified Monthly Income Fund, as these series of funds will be terminated as of March 28.

(cohara@investmentexecutive.com).