TORONTO, May 17, 2024
/CNW/ - BMO Private Investment Counsel Inc. (BPIC), the
manager of the BMO Private Portfolios, today announced changes to
the risk ratings for certain BMO Private Portfolios.
These risk rating changes are based on the standardized risk
classification methodology mandated by the Canadian Securities
Administrators and an annual review conducted by BPIC to determine
the risk level of the BMO Private Portfolios.
Effective immediately, the risk rating of three BMO Private
Portfolios has been changed as set out in the table below.
There is no change to the investment objectives, strategies or
management of these BMO Private Portfolios associated with the
new risk rating.
Name of the BMO
Private Portfolio
|
Previous
|
New
|
BMO Private Diversified
Yield Portfolio
|
Low to
Medium
|
Medium
|
BMO Private Emerging
Markets Equity Portfolio
|
Medium to
High
|
Medium
|
BMO Private U.S. Growth
Equity Portfolio
|
Medium to
High
|
High
|
Please read the fund facts or prospectus of the relevant BMO
Private Portfolios before investing. The full amount of an
investment in any mutual fund is not guaranteed, the value of a
mutual fund may change frequently, and its past performance may not
be repeated. Distributions are not guaranteed and are subject
to change and/or elimination. For a summary of the risks of an
investment in the BMO Private Portfolios, please see the specific
risks set out in the prospectus.
BMO Private Portfolios are managed by BMO Private Investment
Counsel Inc., which is an investment fund manager and a separate
legal entity from Bank of Montreal.
About BMO Private Wealth
BMO Private Wealth is a brand name for a business group
consisting of Bank of Montreal and
certain of its affiliates in providing private wealth management
products and services. Not all products and services are offered by
all legal entities within BMO Private Wealth. Banking services are
offered through Bank of Montreal.
Investment management, wealth planning, tax planning and
philanthropy planning services are offered through BMO Nesbitt
Burns Inc. and BMO Private Investment Counsel Inc. Estate, trust,
and custodial services are offered through BMO Trust Company. BMO
Private Wealth legal entities do not offer tax advice.
About BMO Financial
Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.3 trillion as of January 31, 2024. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life, BMO
is committed to driving positive change in the world, and making
progress for a thriving economy, sustainable future, and inclusive
society.
"BMO (M-bar roundel symbol)" is a registered trademark of Bank
of Montreal, used under
license.
SOURCE BMO Financial Group