Hoss Cents Free Financial Money Magazine: BMO Investments Inc. Announces a Portfolio Manager Change and Service Fee Adjustments

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BMO Investments Inc. (a member of the BMO Financial Group) announced that effective Jan 08, 2010 they are replacing the portfolio manager of BMO Global Equity Class a class of BMO Global Tax Advantage Funds Inc.

London-based Insight Investment Management (Global) Ltd., formerly Rothschild Asset Management Ltd. is the current manager and will be replaced by Aberdeen Asset Management Inc. Aberdeen Asset Management Inc. is an independent investment manager, managing over C$251 billion for individual and institutional clients throughout the world. The regional investment teams are based in the markets or regions in which they invest. They are based in Aberdeen, Scotland. The global management team for the fund is in Edinburgh, and led by Stephen Docherty.

The fund since it was formed in November 2000, is a second-quartile performer over the five- and six-year periods ended Nov. 30. But over the one- and three-year periods, the fund has performed in the fourth quartile.

In addition in their press release BMO Investments Inc. announced that on our about January 1, 2010, BMO Investments Inc., as manager, will increase the maximum service fee under the sales charge option of BMO Guardian Monthly Dividend Fund Ltd. from 0.75% to 1.00%, under the standard deferred charge option from 0.25% to 0.50%, and under the low load deferred charge option from 0.50% to 1.00%. There will be no increase to the maximum service fee under the sales charge option for Classic Units.

Also effective on or about January 1, 2010, BMO Investments Inc., as manager, will increase the maximum service fee under the low load deferred charge option of BMO Guardian Canadian Diversified Monthly Income Fund from 0.50% to 1.00%. There will be no increase to the maximum service fee under the sales charge option or under the standard deferred charge option.

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Next Hoss Cents Free Financial Money Magazine Post: Dec. 26, 2009.
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