BMO Announces Changes to Certain BMO ETFs and BMO Mutual Funds

BMO Asset Management Inc. and BMO Investments Inc. have announced significant changes to the management of several BMO Exchange Traded Funds (ETFs) and Mutual Funds, effective October 28, 2025. Notably, BMO Capital Markets Corp. and portfolio manager Brian Belski will step down as sub-advisors for select funds, while BMO Asset Management will maintain its role as the primary portfolio adviser for these products.

The funds impacted include prominent ETFs such as the BMO Canadian Core Plus US Balanced ETF and the BMO Canadian Equity Plus ETF, alongside mutual funds like the BMO U.S. All Cap Equity Fund and the BMO U.S. Equity Plus Fund. Importantly, these organizational shifts will not alter the fundamental investment objectives or the risk ratings associated with these BMO ETFs and Mutual Funds.

Additionally, another change is anticipated for January 30, 2026, when Fullgoal Asset Management (HK) Limited will assume the position of portfolio manager for the BMO Greater China Fund, replacing Polen Capital HK Limited.

Investors are reminded of the various associated costs—such as management fees and potential trailing commissions—when investing in these funds. It’s crucial for investors to review the pertinent materials, including ETF facts and simplified prospectuses, prior to making any investment decisions, as the values of fund shares can fluctuate, and past performance is not indicative of future results.

BMO Financial Group, headquartered in Toronto, is a leading North American bank with total assets nearing $1.4 trillion and provides a broad array of financial services to millions of customers, underscoring its commitment to fostering positive economic change through its diverse offerings. For further details, stakeholders can visit BMO’s official ETF and Mutual Fund websites.

BMO Financial Group recently announced significant changes regarding several of its ETFs and mutual funds, effective from late October 2025. With BMO Capital Markets Corp. and Brian Belski stepping away as sub-advisors while BMO Asset Management remains as the primary portfolio advisor, investors should carefully evaluate their options within this shifting landscape. Importantly, the fundamental investment objectives and risk ratings of these funds will remain unchanged, mitigating immediate concerns regarding investment strategy continuity.

Investors may interpret these changes as a potential signal of BMO's evolving investment philosophy or a strategic repositioning to appeal to different market segments. For those invested in the impacted funds, it may be wise to assess your current investment thesis. Consider the performance of the outgoing advisory team and how it relates to the market conditions experienced during their tenure. If underperformance was noted, the transition could be an advantageous point for reevaluation.

Furthermore, as Fullgoal Asset Management takes over the management of the BMO Greater China Fund effective January 30, 2026, investors should investigate the historical performance and investment approach of Fullgoal, particularly in navigating the complexities of the Chinese market.

Given that these funds may trade at a premium or a discount relative to their net asset values, investors should keep a vigilant eye on market trends and pricing behaviors post-transition. Utilizing mutual fund or ETF investment strategies typically comes with inherent risks; thus, a thorough risk assessment based on economic indicators, global market conditions, and sector performance will be beneficial.

In summary, while the announced changes may create opportunities for deeper analysis, they also necessitate a prudent review of individual investment portfolios in light of BMO's new management direction.