Equity market rally drives BMO Global Equity Market Neutral 2019 performance collapse
Fund 'remains viable and fully invested'
BMO's fund performed poorly compared to peers over 2019
The "risk-on sentiment" seen in equity markets in 2019 led to a collapse in the performance of BMO Global Asset Management's Global Equity Market Neutral fund, which saw calendar year losses of losses of 30.1%, the firm has said.
The systematic long/short fund performed poorly compared to peers over 2019, with its IA Targeted Absolute Return sector averaging a 4.4% positive return, according to FE Fundinfo. The second and third...
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