Have you met BMO Global Asset Management's
2014 was a big expansion year for BMO Asset Management U.S. chief Barry McInerney
, as he doubled his sales force and launched 16 more mutual funds. For 2015, he plans to focus more on introducing those new funds and the BMO brand to the marketplace.
"We're really comfortable with and quite excited about the 48 [mutual funds] we have right now," McInerney, who also serves as co-CEO of BMO GAM, tells MFWire
. "We needed a broad enough array of mutual funds as building blocks ... We'll be opportunistic going forward [with new launches]."
The latest addition
to the lineup is the BMO Alternative Strategies Fund
, which McInerney confirms is BMO GAM's "first liquid alternative strategy in the U.S." He says that, when it comes to products, his team had "recently finished rounding out [BMO GAM's] equity and fixed income mutual funds" in the U.S.
"The liquid alternatives space has grown," McInerney says. "We felt it was time."
The fund is built out of long-standing BMO strategies wrapped in a 40 Act structure. McInerney describes the new offering as a "nice complement" in a portfolio that provides "some downside protection and risk diversification."
Stay ahead of the news ... Sign up for our email alerts now