BMO Global Asset Management Launches Frontier Markets Equity Fund
New Fund to Be Managed by BMO's Lloyd George Management
CHICAGO, IL -- (Marketwired) -- 12/19/13 -- BMO Global Asset
Management announced today the addition of the BMO Lloyd George
Frontier Markets Equity Fund. The new Fund will be managed by Lloyd
George Management (LGM), a part of BMO Global Asset Management and a
long time investor in Asian and Global Emerging Markets.
The BMO Lloyd George Frontier Markets Equity Fund will seek to
provide capital appreciation by investing its assets in equity
securities of foreign companies located in frontier markets or whose
primary business activities or principal trading markets are in
frontier markets. Frontier Markets consist of countries with
market-oriented economies in the early stages of economic
development, reflecting many of the same characteristics of the
original Global Emerging Markets -- such as China and India -- some
20 years ago. The Fund will be managed by Thomas Vester, CFA, who is
supported by two dedicated investment analysts.
"LGM has become one of the world's leading managers of frontier
assets and this Fund provides our clients with access to this
talented team," said Barry McInerney, Co-Chief Executive Officer, BMO
Global Asset Management. "We believe that frontier markets offer
attractive returns and, over the long term, have exhibited low
correlations with other equity asset classes."
LGM's investment philosophy is predicated on the view that financial
markets are often inefficient. Pricing anomalies can persist for
prolonged periods and that is particularly true in frontier markets.
The active, stock-driven investment approach of LGM seeks to identify
inefficiencies amongst companies with structurally attractive
business models that can generate cash returns above their cost of
capital over a full business cycle. The assessment of a company
involves first hand research with the management team and often
occurs over a period of years. Regular visits to frontier countries
are essential to understand the local corporate sector dynamics and
the financial and macroeconomic environment. The LGM frontier markets
team has visited 28 frontier countries so far this year, including
Botswana, Vietnam and Georgia, in search of attractive investment
For more information about BMO Global Asset Management and the new
Fund, please visit: www.bmogam.com.
About BMO Family of Funds
The BMO Funds are a global family of
actively managed mutual funds. The firm's 32 funds span the
risk/reward spectrum and include: U.S., non-U.S. and global equity
funds, U.S.(taxable and tax-free) and emerging markets fixed income
funds, money market funds, and a range of multi-asset funds offering
out-come oriented solutions for investors.
The family of funds is managed by a multi-disciplined team based in
Chicago and Milwaukee, and by a network of world class boutique
managers, which are strategically located across the globe. This
network includes Monegy, Inc., Pyrford International Ltd., Lloyd
George Management and Taplin, Canida & Habacht, LLC.
Established in 1992, BMO Funds are advised by BMO Asset Management
U.S. and offers Institutional and Investor class shares. Along with
its subsidiary boutiques and affiliates, the advisor oversees more
than $50 billion in assets under management. BMO Funds is a part of
BMO Financial Group, a fully diversified financial services
organization with $537 billion CND total assets and more than 45,000
employees as of October 31, 2013.
BMO Global Asset
Management is the brand name for various affiliated entities of BMO
Financial Group that provide investment management, retirement, and
trust and custody services. Certain of the products and services
offered under the brand name BMO Global Asset Management are designed
specifically for various categories of investors in a number of
different countries and regions and may not be available to all
investors. Products and services are only offered to such investors
in those countries and regions in accordance with applicable laws and
regulations. BMO Financial Group is a service mark of Bank of
BMO Asset Management U.S. consists of BMO Asset Management Corp.
BMO Asset Management Corp. is the investment adviser to the BMO
Funds. M&I Distributors LLC is the distributor. BMO Funds are not
marketed or sold outside the United States.
Investors should carefully consider the investment objectives, risks,
charges and expenses of the BMO Funds. This and other important
information is contained in the prospectuses and/or summary
prospectuses, which can be obtained by calling 1-800-580-3863. Please
read carefully before investing. The investment risks of each Target
Date Fund changes over time as its asset allocation changes. They are
subject to the volatility of the financial markets, including equity
and fixed income investments in the U.S. and abroad and may be
subject to risks associated with investing in high yield, small cap,
commodity-linked, and foreign securities.
All investments involve risk, including the possible loss of
principal. Foreign investing involves special risks due to factors
such as increased volatility, currency fluctuation and political
Investment products are: Not FDIC Insured | No Bank Guarantee | May
Copyright2013 BMO Financial Corp.
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