UK onshore investors can now access the absolute retrun fund via a new GBP share class.
The fund aims to generate returns that are higher than inflation, with low volatility and capital preservation over rolling 12-month periods.
It has an actively managed asset allocation across equities, high quality bonds and cash. It is also diversified across geographies and individual holdings. Currency exposure is managed with a view to preserving capital.
Launched in April 1994 the fund is managed by an investment team of 14 at Pyrford.
The fund has returned 2.4% over the past year and 8.1% over three years, according to FE. Pyrford said average returns per annum since launch have been 7.8%.
“As economic growth remains uncertain in many economies, and interest rates remain at record lows, a number of retail clients are seeking downside protection, said Rob Thorpe, head of UK retail and wholesale at BMO Global Asset Management. “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,” he added.
“Our team determines which asset classes offer the best value and return potential before selecting the highest quality investment opportunities within them,” said Tony Cousins, chief executive and chief investment officer. “Preserving capital is a paramount consideration throughout the investment process and is something we work to achieve through a clear focus on quality, value and diversification.”
