BMO renames global fund

The BMO Global Diversified Fund has been renamed the BMO Concentrated Global Balanced Fund.

Toronto-based BMO Investments Inc. announced the new name Monday alongside several other changes.

A new F6 series of the fund has been added, and management fees for the A, T5, T6 and advisor series have all been reduced.

Guardian Capital LP took over from Matthews International Capital Management, LLC as a portfolio manager of the fund on Nov. 15. BMO Asset Management Inc. remains a portfolio manager.

The investment strategies of the fund have also changed.

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