Toronto-based BMO Investments Inc. announced several management changes to three of its mutual funds.
Monegy Inc. will cease to act as portfolio manager for BMO Floating Rate Income Fund, BMO U.S. High Yield Bond Fund and BMO U.S. Dollar Monthly Income Fund on or about March 6.
BMO Asset Management Inc. will assume management of BMO Floating Rate Income Fund and BMO U.S. High Yield Bond Fund with BMO Asset Management Corp. acting as subadvisor for the former and Taplin, Canida & Habacht, LCC assuming the role of subadvisor for the latter.
In addition, BMO Asset Management Inc. will take over portfolio management responsibility for the portion of BMO U.S. Dollar Monthly Income Fund that Monegy previously managed with Taplin, Canida & Habacht, LCC appointed as subadvisor for that portion of the fund.