BMO Global Asset Management (BMO GAM) has introduced a suite of actively managed multi-asset portfolios targeted at investors with smaller sums.
The solution, Universal Multi-Asset Portfolios, includes three funds that will invest globally in equities and fixed income, aiming to offer long-term growth within a specific volatility level.
The funds, having a capped ongoing charge of 0.29%, will mostly focus on active strategies but will also offer access to passive investments when required.
The funds will be managed by the firm’s multi-asset investment team, headed by Paul Niven.
BMO GAM (EMEA) head of UK intermediary Rob Thorpe said: “We saw a clear gap in the market to provide a low-cost active management solution, particularly at a time of change within the retirement landscape and when many market commentators are arguing that market conditions appear to be favouring a more active approach to investing. We also recognise that investors and their advisers want a clear understanding of the likely volatility of their investments, which is why each fund is risk-targeted.”