BMO Global Asset Management unveils euro corporate bond fund

wind_farmBMO Global Asset Management has expanded its Responsible Fund range to seven funds, with the launch of a euro corporate bond fund.

The BMO Responsible Euro Corporate Bond Fund will be managed by Andrew Brown and Rebecca Seabrook and will provide exposure to primarily investment grade, ethically-screened euro fixed interest securities.

The fund will be given the input of three teams, including the portfolio managers and governance and sustainable investment (GSI) teams as well as the Responsible Investment Advisory Council (RIAC).

The portfolio managers will be responsible for credit research, choice of investments and portfolio construction, with the GSI team and RIAC responsible for screening and input of the ethical and sustainability criteria.

Andrew Brown, portfolio manager at BMO Global Asset Management, said the fund would be managed with the same approach as its Responsible Sterling Bond fund, with the team focused on active credit management, with a view towards capturing risk-adjusted returns over full market cycles, whilst taking into account environment, social and governance issues.

The fund size at launch is €45.2 million and will be targeted at retail and institutional investors. The ongoing charge for the retail euro share class is 0.71% and the institutional euro share class is 0.67%. The fund is registered in Austria, Belgium, Finland, Switzerland, Germany, Spain, France and Italy.

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