BMO Harris Investment Management is seeking regulatory approval to change the investment objective of its International Special Equity Portfolio.
The portfolio’s current objective is to achieve long-term growth by primarily investing in small- and mid-sized companies internationally. The manager has determined, however, that there are limited opportunities available for a mandate investing in these companies.
As a result, the portfolio will reflect a U.S. small- and mid-capitalization equity mandate instead, and invest only in U.S.-based securities.
The name of the portfolio would change to the BMO Harris U.S. Special Equity Portfolio. The sub-advisor is now GlobeFlex Capital, L.P., but would be switched to a new sub-advisor with expertise in the U.S. market.
It’s expected it will also adopt new investment strategies to reflect the investment style of the new sub-advisor.
Changes would be implemented by mid-September 2012 if approved.
