BMO Global Asset Management has expanded its responsible fund range, with the launch of a Euro corporate bond fund, bringing its responsible range to seven funds.
The BMO Responsible Euro Corporate Bond fund will be managed by Andrew Brown and Rebecca Seabrook and aims to maximise returns by providing investors with exposure to primarily investment grade, ethically-screened Euro fixed interest securities.
The fund invests in companies making a positive contribution to society, taking practical action to improve the environment, as well as those furthering sustainable development and operating in a transparent and open way in the reporting of their business activities. It will benefit from the insight and input of three separate specialist teams, including the portfolio managers and Governance and Sustainable Investment (GSI) teams as well as the Responsible Investment Advisory Council (RIAC).
The portfolio managers will be responsible for credit research, choice of investments and portfolio construction, with the GSI team and RIAC responsible for rigorous screening and input of the ethical and sustainability criteria.
The BMO Responsible Euro Corporate Bond fund size at launch is €45.2m and will be targeted at retail and institutional investors. The ongoing charge for the R EUR share class is 0.71% and the I EUR share class is 0.67%. The fund is registered in Austria, Belgium, Finland, Switzerland, Germany, Spain, France and Italy.