Home Breadcrumb caret Industry News Breadcrumb caret Industry Breadcrumb caret Investments Breadcrumb caret Market Insights BMO target date fund moves to protection mode BMO Investments has shifted its BMO LifeStage Plus 2017 Fund asset allocation to a “protected” asset mix, and will exclusively hold fixed income securities and cash until its target end date. “In keeping with the fund’s investment strategies, this reallocation to a fixed income portfolio is intended to ensure the fund maintains sufficient assets, at […] By Staff | August 10, 2011 | Last updated on August 10, 2011 1 min read BMO Investments has shifted its BMO LifeStage Plus 2017 Fund asset allocation to a “protected” asset mix, and will exclusively hold fixed income securities and cash until its target end date. “In keeping with the fund’s investment strategies, this reallocation to a fixed income portfolio is intended to ensure the fund maintains sufficient assets, at its target end date, to pay investors the Guaranteed Maturity Amount(+/-),” the managers of the fund said in a press release. “Unitholders are currently entitled to receive $12.03 at the Fund’s target end date.” The management fee has been reduced to 1.05%, plus expenses. As a result of this change, BMO LifeStage Plus 2017 Fund will no longer be available for purchase by investors, including under any pre-authorized contribution plan. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo