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BMO GAM adds to sustainable multi-asset range
BMO Global Asset Management has launched two more sustainable funds in its multi-asset range.
The funds are the Sustainable Universal MAP Adventurous Fund and the Sustainable Universal MAP Defensive fund. Both funds are in the Investment Association’s volatility sector.
The adventurous fund targets a return of CPI + 5% over five years, the defensive targest CPI + 1%.
Simon Holmes manages the funds, which form part of the firm’s Sustainable Universal MAP range, and each fund has an ongoing charge capped at 0.39%.
The range was launched in December 2019 and now has £100 million of assets under management. It followed the launch of the Universal MAP range three years ago, in which there are now 11 funds in total.