12 November 2018 - Founded as the Bank of Montreal some 200 years ago, BMO Global Asset Management is the eighth largest bank (by assets) in North America, and provides a broad range of financial services to more than 12 million customers. It acquired F&C in 2014.
As part of the integration of the business, BMO has decided to stop using the F&C brand and, with effect today, any funds that had F&C in their name have been renamed with the BMO brand.
For example, F&C Real Estate Securities, which is on the Chelsea Selection, becomes BMO European Real Estate Securities.
Investors do not need to do anything, as the changes do not affect the way their investments are managed in any way. Although the particular fund mentioned above has had the word 'European' added, it is simply to make the existing investment parameters more transparent: it has always invested in UK and European property shares.
The only impact is that the fund name will be different on all statements, marketing and fund literature going forward.