BMO Global Asset Management has launched its new BMOLloyd George Frontier Markets Equity Fund.
Lloyd George Management (LGM), a part of BMO Global Asset Management, will be responsible for managing the new fund.
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The new fund will provide capital appreciation by investing its assets in equity securities of foreign companies located in frontier markets or whose primary business activities or principal trading markets are in frontier markets.
The fund will be headed by Thomas Vester alongside two investment analysts.
Barry McInerney, co-chief executive officer, BMO Global Asset Management, said: "We believe that frontier markets offer attractive returns and, over the long term, have exhibited low correlations with other equity asset classes."
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