New funds are targeted towards investors looking for income
The changes include new portfolio managers, investment strategies and investment objectives
New index proposed for underlying ETF
MERs will be capped at 100 basis points below advisor servies funds
Funds feed growing appetite for income-based products
Two proposed mergers will not proceed
Investors can choose from six target end date funds each with a different time horizon
QESI will initially be available to BMO Investments Inc. customers only
Revised funds provide investors some of the benefits that a pure ETF can provide