Portfolio Manager Change to one of the underlying funds of R07 FPIL International Growth
02 November 2017
We have been notified by BMO Global Asset Management (“BMO”) of a change to the management of F&C Pacific Growth fund, the underlying fund into which R07 FPIL International Growth invests. Effective as of 25 September 2017, Damian Bird, Christopher Darling and Anders Heegaard assumed day to day management of the above named underlying fund.
Damian, Christopher and Anders are all members of the investment team at LGM Investments Ltd (“LGM”), a specialist manager of Asian, Global Emerging and Frontier Market equities, operating within BMO.
BMO has stated that:
“LGM are active in their approach and implement a robust process based on a clear investment philosophy. Conviction is the key driver of portfolio composition with each holding in the Fund resulting from detailed company specific research designed to identify high quality, attractively valued businesses with long-term growth prospects. Please note: there is no change to the Fund’s Investment objective and policy as per the Prospectus dated 13th July 2017. Given LGM’s investment style, the Fund’s volatility could increase.”
Should you have any questions regarding this change, please contact International Funds & Investments.