BMO's mutual fund business surpasses USD10bn in AUM
BMO Global Asset Management’s US mutual fund family has surpassed USD10bn in assets under management.
The business grew by 19.4 per cent in the year to 31 December 2012, making it one of the fastest growing mutual fund families, according to Strategic Insight.
"BMO Global Asset Management has reached this significant milestone by addressing and anticipating the needs of US investors and developing innovative solutions to help them achieve their financial goals," says Barry McInerney, co-chief executive, BMO Global Asset Management. "Our solid and fast-growing mutual fund platform offers global capabilities to a diverse client base that includes mass affluent and high net worth individuals as well as institutions, all of whom turn to us for our worldwide reach, regional expertise and boutique-style approach. We will continue to build our mutual fund portfolio so we can help our clients meet their investment objectives, achieve enhanced return opportunities, and effectively respond to volatile market conditions."
BMO Funds provide a range of equity, fixed income and money market fund options across the risk/reward spectrum. The company takes a disciplined approach to uncover investment opportunities that demonstrate value, growth catalysts, income, pay dividends, and provide cash flow.
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