BMO GAM expands multi-asset range with trio of fettered low-cost funds

The group said the multi-asset team will utilise the investment expertise available from across the group in constructing the portfolio, which will control the costs and pass on a capped pricing model. It also said the fettered Universal Multi-Asset Portfolios (MAP) will bring institutional product design to the retail and wholesale market, providing investors with active management at passive costs. The funds have a capped ongoing charge figure (OCF) of 0.29%. Assets will be allocated globally to equities and fixed income but the team can access passive investments if necessary. ...