CHICAGO, IL -- (Marketwire) -- 02/28/13 -- BMO Global Asset Management has been ranked among the Best U.S. Mutual Fund Families of 2012 according to Barron's recent annual survey. The recognition also follows the organization's recent announcement that its mutual fund line-up has passed $10 billion in assets under management.
"The recognition from Barron's is a great testament to successfully executing on our strategy and our ongoing focus on what investors are seeking in the current market environment," said Barry McInerney, Co-CEO, BMO Global Asset Management. "Our team has achieved this impressive growth by addressing and anticipating the needs of investors and developing innovative solutions to help them achieve their financial goals. We offer investors worldwide reach, regional expertise and a boutique-style approach."
To qualify for the Barron's listing, an organization must have at least three funds in Lipper's general U.S.-stock category as well as one in world equity, combining global and international funds. This marks the first year that BMO Global Asset Management has been recognized by Barron's.
This is the latest of many recognitions that BMO Global Asset Management has earned in the last few months, including:
•BMO was recently identified by Strategic Insight as one of the fastest-growing mutual fund managers in the U.S. for actively-managed stock and bond funds. The business grew by 28 percent last year, leading to a ranking of 11th on Strategic Insight's Top 25 Fastest Growing Mutual Fund Managers for 2012 list.
•In January, two BMO funds (BMO TCH Corporate Income Fund (I) and BMO TCH Core Plus Bond Fund (Y)) were recognized by the Wall Street Journal in their annual Category King rankings as being among the top ten out of more than 600 funds in the Intermediate Bond category in terms of performance for the one-year period ending December 31, 2012. BMO Intermediate Tax-Free Fund (Y) placed in the top ten in the Intermediate Muni category (out of nearly 400 funds).
•BMO Tax-Free Money Market Fund (I) was named one of iMoneyNet's 2012 Money Fund Report® Award Winners, recognized for reporting the highest net one-year returns for 2012 among funds with $1.0 billion in assets or more in the National Tax-Free Institutional category
•Craig J. Mauermann, portfolio manager of BMO Tax-Free Money Market Fund, was also named a U.S. Money Fund Report Winner by iMoneyNet in its list of Top U.S. Fund Manager for 2012. Mauermann was the top portfolio manager among 36 peers in the Tax-Free category for companies with assets greater than $1 billion.
BMO Funds provide a wide range of equity, fixed income and money market fund options across the risk/reward spectrum. The company takes a disciplined approach to uncover investment opportunities that demonstrate value, growth catalysts, income, pay dividends, and provide cash flow.
In 2012, BMO launched six new funds to meet the growing demand of investors seeking non-correlated asset classes in order to diversify their portfolios, manage risk or enhance returns.
In addition, Lloyd George Management, a wholly owned subsidiary of BMO Global Asset Management, recently took over sub-advising BMO's Emerging Market Equity Fund, which invests in a diversified portfolio of common stocks of foreign companies located in emerging market countries.
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