BMO Global Asset Management (BMO GAM) today announced the launch of two additional sustainable multi-asset funds as part of the Sustainable Universal Multi-Asset Portfolio (MAP) range.
These are the BMO Sustainable Universal MAP Adventurous fund, which targets a return of C5 percent above inflation over five years and is in the IA Volatility Sector.
The second fund is the BMO Sustainable Universal MAP Defensive fund which targets a return of 1 percent above inflation over five years and is also in the IA Volatility Sector.
The new portfolios complement the three existing funds in the Sustainable Universal MAP range which are designed to match an investors risk appetite, these being Cautious, Balanced and Growth.
Launched in December 2019 as an expansion of the Universal MAP range, the sustainable range now has over £100 million of assets under management.
All five funds in the Sustainable Universal MAP range have an ongoing charge (OCF) capped at 0.39 percent
Managed by Simon Holmes and supported by BMO GAM’s 28 strong multi-asset team, which is led by Paul Niven, the funds seek to provide growth, combining capital and income, over the long term consistent with their respective risk profiles over the same time period.
Rob Thorpe, head of intermediary distribution for the UK and Europe at BMO GAM, said: “Our Universal MAP range responds to a gap in the market, bringing low-cost, active solutions to cost-focused areas of financial planning.
“Following the success of the BMO Universal MAP range, launched three years ago, we launched the BMO Sustainable Universal MAP range just over a year ago. This was a natural next step for us with our pioneering ESG heritage and award-winning responsible investment capabilities. The response to this launch has been tremendous’.
“We’ve now responded to demand and launched two additional sustainable funds, adventurous and defensive, to complete a comprehensive range of sustainable options, suiting most clients’ risk appetites, that are very well priced and fully actively managed.
“We believe the range is ideal for advisers seeking a well-costed active sustainable range as part of their Central Investment Propositions and for platforms or pension providers seeking sustainable default options.”
There are now 11 funds in the Universal MAP range, all designed to be actively managed, low cost, multi-asset solutions, aligned with attitude to risk tools commonly used by UK advisers.
