BMO U.S. High Yield Bond Fund Surpasses $1 Billion in Assets Under Management
- Assets under management have doubled over the last six months
- Fund an ideal option for investors who are looking to capitalize on
a recovering U.S. economy and are seeking high returns with some
- BMO U.S. High Yield Bond Fund is managed by Monegy, Inc., a
boutique high yield portfolio manager within BMO Global Asset
TORONTO, ONTARIO -- (Marketwired) -- 06/14/13 -- BMO Global Asset
Management today announced that the BMO U.S. High Yield Bond Fund has
surpassed $1 billion in assets under management. The fund has more
than doubled in size since the beginning of 2013.
The fund - managed by Monegy, Inc. (Monegy), a boutique high yield
portfolio manager within BMO Global Asset Management - seeks to
provide investors with a high level of total return and below-market
volatility. The fund invests in a highly diversified portfolio of
primarily U.S. corporate fixed income securities rated below
"BMO U.S. High Yield Bond Fund's success demonstrates Monegy's
expertise in managing high yield credit portfolios," said Rajiv
Silgardo, Co-CEO, BMO Global Asset Management. "Monegy has an
impressive track record over multiple credit cycles. Their unique and
disciplined style, and commitment to client service, has garnered
them a loyal international client base. We are pleased to have the
fund as part of the overall BMO Mutual Funds family."
Monegy follows a highly disciplined investment process combining
quantitative metrics with fundamental credit analysis - enabling them
to identify mispriced securities and optimize the fund's risk/return
"For yield-seeking investors looking to capitalize on a recovering
U.S. economy, but with a limited appetite for volatility, BMO U.S.
High Yield Bond Fund is an ideal solution. We invest in the higher
quality end of high yield, balancing risk and return with a focus on
capital preservation on the downside," said Monegy President Sadhana
Valia, a twenty-eight-year veteran in credit markets. "High yield
spreads remain relatively attractive and the asset class is less
sensitive to rising interest rates than other fixed income
alternatives. We are seeing steady inflows from high net worth and
retail clients, as well as institutional investors."
Monegy has been managing institutional high yield bond and loan
portfolios for 15 years and has a dedicated and experienced team of
investment professionals devoted exclusively to high yield. Sadhana
Valia and Lori Marchildon are co-managers for the fund.
For more on BMO Global Asset Management, please visit:
For more information about BMO U.S. High Yield Bond Fund and Monegy,
please visit: http://www.monegy.com.
Get the latest BMO press releases via Twitter by following @BMOmedia.
Established in 1997, Monegy is a wholly owned subsidiary of
Chicago-based BMO Asset Management Corp, and is part of BMO Global
Asset Management. Monegy currently manages over US$2.7 billion in
assets, including the BMO U.S. High Yield Bond Fund and the BMO
Floating Rated Income Fund. Monegy offers a full suite of investment
vehicles with an active presence across high yield bonds and bank
loans, for both institutional and retail investors.
About BMO Global Asset Management
BMO Global Asset Management is a global investment manager with more
than $130 billion CAD in assets under management as of April 30,
2013, including discretionary and non-discretionary assets under
BMO Global Asset Management is a part of BMO Financial Group
(TSX:BMO)(NYSE:BMO), a fully diversified financial services
organization with $555 billion total assets and more than 46,000
employees as April 30, 2013.
BMO Mutual Funds are offered by BMO Investments Funds Inc., a
financial services firm and separate legal entity from Bank of
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual Funds are not guaranteed, their
values change frequently and past performance may not be repeated.
Amanda Robinson, Toronto
Valerie Doucet, Montreal
Laurie Grant, Vancouver
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