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BMO Investments Inc. Announces Change to BMO International Equity Fund  


BMO Investments Inc. today announced that it will be releasing The Putnam Advisory Company, LLC as the investment advisor of its BMO International Equity Fund.

A worldwide search is currently underway to identify a new advisor. In the interim, an experienced team of portfolio managers has been appointed to manage the Fund until a new advisor is found.

“While Putnam has assured us that the BMO International Equity Fund was not impacted by its past investment management issues, we believe a change in the sub-advisor is in the best interests of unitholders at this time,” said Ed Legzdins, President and CEO, BMO Investments Inc.

BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and has total assets under management and administration and term investments of $281 billion at July 31, 2003.