Equity market rally drives BMO Global Equity Market Neutral 2019 performance collapse

Fund 'remains viable and fully invested'

Mike Sheen
BMO's fund performed poorly compared to peers over 2019

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 worst performers within the sector - Merian Global Equity Absolute Return and Quilter Investors Global Equity Absolute Return - lost 13.2% and 13% respectively. The absolute return sector comeback? In two of the three calendar years prior to 2019, the BMO fund delivered positive returns, with gains of 9.5% and 2.2% in 2017 and 2016 respectively, and a loss of 2% in 2018. Its 2019 per...

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