BMO Global Asset Management is planning to bolster its range with a monthly income share class for its flagship £1.1bn multi-asset Navigator Distribution fund, the launch of an enhanced income ETF and the potential for further market-neutral products.
The group wants to meet investors’ growing demand for income in a low interest rate environment, and take advantage of opportunities following the introduction of pension freedoms. Its first development over the next few months will be the launch of a monthly income share class for the Navigator Distribution fund, run by Gary Potter and Rob Burdett (both pictured), which already offers a quarterly income share class. Another area of interest is absolute return where demand has been "insatiable" from investors, according to Rob Thorpe, head of UK wholesale and retail sales at BMO GAM. ...
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