In a shareholder letter, BMO GAM has announced its intention to cease management of European-domiciled ETFs due to several factors, including dwindling assets under management.
The termination is due to take place "on or about" 21 January 2020 and will see its entire range of European-domiciled ETFs closed.
The decision to cease managing the funds was based on "a variety of factors, including the current levels of assets under management and projected asset growth in the current market environment", the group said.
The sub-funds will remain open for redemption requests until 21 January 2020, in accordance with the terms of each conrresponding prospectus.
A spokesperson for BMO GAM said: "BMO GAM has reviewed both the current and potential viability of its Irish domiciled UCITS ETF range and has decided to delist the ETFs it has listed on both the Euronext Dublin and the London Stock Exchange and will be closing the funds.
"The closure and delisting of the ETFs has no material impact on BMO GAM's wider investment proposition."
The funds being terminated are listed below:
BMO Barclays 1-3 Year Global Corporate Bond (GBP hedged) UCITS ETF
BMO Barclays 3-7 Year Global Corporate Bond (GBP hedged) UCITS ETF
BMO Barclays 7-10 Year Global Corporate Bond (GBP hedged) UCITS ETF
BMO Barclays Global High Yield Bond (GBP hedged) UCITS ETF
BMO Enhanced Income UK Equity UCITS ETF
BMO MSCI Emerging Markets Income Leaders UCITS ETF
BMO MSCI Europe ex-UK Income Leaders (GBP hedged) UCITS ETF
BMO MSCI EUROPE ex-UK Income Leaders UCITS ETF
BMO MSCI USA Income Leaders (GBP hedged) UCITS ETF
BMO MSCI USA Income Leaders UCITS ETF
BMO MSCI UK Income Leaders UCITS ETF
BMO ENHANCED Income Euro Equity UCITS ETF
BMO ENHANCED Income USA Equity UCITS ETF