BMO Global Asset Management (GAM) has made the £2.2bn Pyrford Global Total Return (Sterling) fund available to retail investors.
The fund, which launched in April 1994, aims to generate positive returns which are higher than inflation and characterised by low volatility while preserving capital over roll 12-month periods.
It has an actively managed asset allocation across what the manager deems attractively valued equities, high quality bonds and cash.
The fund is diversified across asset classes, geographies and individual holdings, with currency exposure is managed with a view to preserve capital.
Pyrford International is an affiliate of BMO GAM and will distribute the fund via its newly acquired UK business, formerly known as F&C.
Rob Thorpe, head of UK retail and wholesale for BMO, said: “The launch forms part of our wider plans to accelerate our expansion following the acquisition by BMO Financial Group last year, by offering an enhanced suite of products to meet client demand.”
The portfolio would offer “a compelling option for retail investors looking for a clear and straightforward approach to absolute return investing”, he added.
“As economic growth remains uncertain in many economies, and interest rates remain at record lows, a number of retail clients are seeking downside protection.”
Since launch the vehicle has returned an average of 7.8 per cent gross per annum.
