For professional investors only Welcome to BMO Global Asset Management
Welcome In a complex and interconnected world, identifying the right investments can be a daunting task. At BMO Global Asset Management, our aim is to help our clients overcome the challenges they face and deliver the investment outcomes they seek. This ambition isn t new. We can trace it through a heritage that spans back to the launch of the world's oldest collective investment fund vehicle 150 years ago. This fund made investing more accessible to individual savers and we are proud to still manage it today. Stability is key for investors and being part of the BMO Financial Group means that our business is built on strong foundations. Our asset management operations span the world with extensive investment capabilities across a host of asset types. Importantly, we recognise that our long-term success is determined by how effectively we deliver the outcomes our clients seek. Putting clients at the centre of everything we do is an ethos that runs right through our business. It s why we re expanding our network of offices to get closer to our customers and why we continually refine and develop our capabilities, products and solutions. Richard Wilson Chief Executive Officer, BMO Global Asset Management 2
Contents Better conversations, better outcomes 4 A strong parent company 5 An asset manager with global reach 6 Our business in numbers 7 An active manager 8 Smart innovation 10 Being responsible 12 Award winning 14 3
Better conversations, better outcomes Whether you are representing a financial institution, a pension scheme, advising clients or acting for your own individual interests, investment is not typically conducted for the sake of it. Instead it is carried out with a view to achieving a defined end result. At BMO Global Asset Management, we believe that our role is to successfully connect our clients with the outcomes they want to achieve. Our aim is to understand your objectives, appreciate the challenges you face and help you grasp the right investment opportunities through our worldwide capabilities.
A strong parent company BMO Financial Group Established in 1817 BMO Financial Group is a diversified financial services provider based in North America. With total assets of $710 billion and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers. * BMO Financial Group has the longest-running dividend pay-out record of any company in Canada, at 189 years. * * Source: BMO Financial Group, 200 th Annual Report 2017, Canadian $. 5
An asset manager with global reach At its most fundamental, we invest to satisfy individual needs. Specific objectives, however, need to be considered with an awareness of the wider world the interconnections between economies and markets, and the potential challenges and opportunities that exist. At BMO Global Asset Management, our aim is to bring this broader perspective into focus. Through 20+ offices in 14 countries we can get closer to you, listen and understand your needs. Going global Extensive capabilities allow us to bring a fresh perspective to specific requirements, offering new solutions by extending the reach of specialist expertise to clients around the world. Edinburgh London Amsterdam Paris Frankfurt Geneva Munich Milan Zurich Madrid Lisbon Stockholm Milwaukee Chicago Montreal Toronto Abu Dhabi Miami Innovative ETFs From a market leading position in Canada, we are extending our range of innovative solution-focused ETFs around the world. Income matters Our range of incomefocused solutions include those managed by our Miami based high yield specialists. Responsible investing From pioneering screened funds in Europe, our offering increasingly extends worldwide through a range of solutions. Becoming a global asset manager Foreign & Colonial Investment Trust world s 1st pooled vehicle Extending our property capabilities Expanding our operations in Europe, Asia and the Middle East with the purchase of F&C Bank of Montreal Canada s 1st bank Adding to our multi-asset capabilities Expanding high yield and emerging market expertise Operating under one brand 1817 1868 2007 2008 2011 2014 2015 6
For professional and regulated qualified investors only Our business in numbers Diversified across client type, geography and asset type Client type Institutional 61.2% Retail 38.8% Connected thinking, shared insights Client location Global Investment Forum Five-Year Outlook 2018 2023 Each year our investment leaders and strategists gather for intensive briefing and fact finding. Insights are shared with clients through our fiveyear outlook. Hong Kong Europe 45.1% Canada 36.7% US 17.1% Other 1.1% Investment type Equity 34.4% Fixed income 28.5% Multi-asset 27.5% Liquidity management 5.8% Alternatives 3.7% 195+ bn assets under management 1,200+ employees BMO Financial Group marks 200 years 2017 2018 Sydney 20+ offices around the world Source: BMO Global Asset Management, 30-Jun-18 7
An active manager Our ambition is to be recognised as a manager capable of meeting a range of client needs. Alongside standalone asset class capabilities actively aiming to deliver outperformance, we offer solutions-based products that leverage off our global investment platform. Eleven specialisms LDI Alternatives Systematic Factors ETFs Unconstrained Fixed Income Money Markets & Short Duration Responsible Investment Fiduciary Fixed Income Multi-Asset Active Equities Worldwide capabilities Rates Convertibles Systematic Money markets Global Passive Develo Multi-manager Emerging market debt Liability Driven Investment Global Emerging markets Property Credit Small cap Syste High yield Large cap Regional Emerging market debt Listed real estate Mid cap Large cap All ca The value of investments and any income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested. For illustrative purposes only. 8
A global platform Across a range of asset types we have investment teams operating around the world. Where it makes sense, areas of focused expertise are combined as part of a broader global team, a structure that through 11 defined specialisms allows us to bring a global perspective to the delivery of clientorientated products. Building solutions For example, our 'fixed income' solutions are built on fundamental credit capabilities based in London and Miami, as well as drawing on other areas of expertise. Client focused Performance for clients seeking outperformance we have products leveraging off extensive investment capabilities covering equities, fixed income, solutions and alternatives. Solutions for those looking for specific outcomes we construct solutions-focused products by drawing on our worldwide capabilities. Innovation we are committed to the ongoing development of our capabilities and products in order to meet evolving client needs and the demands of a changing regulatory environment. Key statistics 300+ investment professionals * 10 years average tenure at BMO * 18 years average investment experience * There is no single right way to manage money and our investment teams have autonomy to develop sound philosophies and robust, repeatable and innovative approaches. Easy to do business with Pension scheme, adviser or private investor? Whoever you are we make sure you can access our capabilities in a way that suits you. The investment vehicles we offer range from segregated mandates to pooled funds, investment trusts and exchange traded funds. * Source: BMO Global Asset Management, 30-Jun-18 9
Smart innovation Even if your circumstances and objectives remain broadly consistent, it s important that your asset manager continues to adapt. Our heritage in asset management spans back 150 years a century and a half in which the world and investment landscape has transformed, and continues to evolve. During that time we have striven to constantly reassess and reappraise the needs of our clients and develop innovative and relevant solutions to help them meet their objectives. The strategies we apply today demonstrate our commitment to offering new ideas and fresh perspectives. These include a host of outcome-focused solutions, pioneering capabilities and long-standing success stories like the world s first publicly quoted investment vehicle that we still manage today. Innovations include 1 st 1 st 1 st publicly listed pooled investment in the world ethically-screened fund in Europe risk-targeted range in the UK 1 st patented, index tracking, tax-loss harvesting strategy in the US 1 st 1 st A leader in Liability Driven Investment Covered Call ETFs for Canadian, US and European equities We recognise that our future success depends on our ability to continue developing innovative investment solutions. 10
It is often said that change is the only constant in life a statement that certainly rings true in the world of investment. Photography: richardjohnson.ca
Being responsible We aim to act responsibly. Investment decisions are always made in the best interests of our clients. Supporting these decisions is our belief that prudent management of environmental, social and governance (ESG) issues can have an important impact on the creation of long-term investor value. Companies that successfully manage their ESG risks, and proactively follow ESG best practices, can experience risk-adjusted outperformance over the longer term. This belief underpins our commitment to being a responsible investor. Our commitment in action Material ESG considerations are integrated into our overall investment process. Our research analysts and portfolio managers follow a process that considers the potential impact of ESG issues related to investments in our portfolios, and we seek partners that do the same. This analysis informs our asset allocation, stock selection, portfolio construction, shareholder engagement and voting. This approach does not apply to non-discretionary accounts where clients make their own investment choices or investments where we replicate an index. 35 years of responsible investing A+ rated by the UN Principles for Responsible Investment 12
2 billion in responsible funds * 676 companies engaged on ESG issues in 2017 * Source: BMO Global Asset Management, 30-Jun-18 We are proud to have been awarded an A+ rating by the UN Principles for Responsible Investment for our overall strategy and governance Richard Wilson, Chief Executive Officer, BMO Global Asset Management 13
Award Liability Driven Investment Provider of the Year Pension and Investment Provider Awards 2017 Best Ethical/SRI Equity Fund (Responsible Global Equity Fund) Money Observer Awards 2017 Emerging Markets Manager of the Year Irish Pension Awards 2016 Best new ETF issuer ETF.com 2016 Best ETF Bond Group Thomson Reuters Lipper Fund Awards Canada 2016 A selection of awards won by 14
winning Best Sustainable Investment Management Group Investment Week Sustainable Investment Awards 2016 Emerging Markets Manager of the Year Local Authority Pension Funds 2017 'Special Recognition' Foreign & Colonial Investment Trust Investment Week Investment Company of the Year Awards 2017 Best Wealth Management in Canada Global Banking Finance and Review 2015 Best ETF Equity Group Thomson Reuters Lipper Fund Awards Canada 2015 BMO Global Asset Management. Past performance should not be seen as an indication of future performance. 15
Contact us Institutional business 020 7011 4444 institutional.enquiries@bmogam.com UK adviser sales 0800 085 0383 sales.support@bmogam.com Discretionary sales 020 7011 4444 client.service@bmogam.com bmogam.com Telephone calls may be recorded. Follow us on LinkedIn Subscribe to our BrightTALK channel 2018 BMO Global Asset Management. All rights reserved. BMO Global Asset Management is a trading name of BMO Asset Management Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. CM17977 (10/18). UK