TORONTO, ONTARIO--(Marketwire - Jan. 31, 2013) - BMO Investments Inc. today announced potential changes to the investment strategies of BMO International Equity ETF Fund (the "Fund").
The Fund invests up to 100 per cent of its assets in securities of an underlying exchange-traded fund - namely, BMO International Equity Hedged to CAD Index ETF (the "Underlying ETF"). BMO Asset Management Inc., the manager of the Underlying ETF, has announced that a special meeting of unitholders (the "Special Meeting") has been called to consider and approve changes to the investment objectives of the Underlying ETF such that it will seek to replicate the performance of a new index as follows:
||Proposed New Index
|BMO International Equity Hedged to CAD Index ETF
||MSCI EAFE 100% Hedged to CAD Dollars Index
The proposed change to the Underlying ETF, if approved, will result in corresponding changes to the investment strategies of the Fund. The Special Meeting of unitholders of the Underlying ETF will be held on March 28, 2013.
BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal. BMO ETFs are managed and administered by BMO Asset Management, a portfolio manager, investment fund manager and a separate legal entity from Bank of Montreal.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the mutual fund's prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Underlying ETF's prospectus contains a more detailed description of the limited relationship MSCI has with BMO Asset Management and any related funds.
About BMO Investments Inc.
BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group ("PCG"). PCG provides integrated wealth management services and had total assets under management and administration of $465 billion as at October 31, 2012.