New share class responds to adviser demand - Gary Potter

F&C MM team's monthly income option

Victoria McKeever
clock • 2 min read

BMO Global Asset Management has responded to adviser demand by introducing a monthly income share class for the £1.16bn F&C MM Navigator Distribution fund run by the group's multi-manager team, led by Rob Burdett and Gary Potter.

According to Potter (pictured), the fund's development has always been driven by feedback from meetings with advisers, such as at the team's regular roadshows. "In 2007, when we first launched the fund, which is a very diversified portfolio of high-quality income-producing assets, a quarterly income was appropriate", he added. "Over the last two years, however, we have started to see a growing appetite for monthly income from advisers on behalf of their clients. Factors such as low interest rates and pension freedom have seen the argument grow stronger to the point where we have now seen...

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