Lipper, a Thomson Reuters company, has been selected by the BMO Financial Group to construct model portfolio solutions of mutual funds and exchange-traded funds ETFs for BMO InvestorLine.
Lipper will also be providing BMO InvestorLine with an ETF and mutual fund selection research service.
BMO InvestorLine fund model portfolios and lists of funds will be based upon the Lipper Leader for Consistent Return rating methodology.
The Lipper Leader for Consistent Return measure is an objective rating that evaluates not only a fund’s risk-adjusted performance, but also its consistency. Aimed primarily at investors, Lipper Leaders ratings have been used to rate mutual funds for close to a decade.
“As Lipper is an independent fund content and analysis provider, it is ideally positioned to offer model portfolios, fund selection, and portfolio construction research services,” says Dr. Gabriel Burstein (pictured), global head of fund research at Lipper.
“Lipper, with its recognised reputation in the global fund industry, is an ideal partner for BMO InvestorLine and our industry leading model portfolio offering,” says Cesar Rainusso, vice president of strategy at BMO InvestorLine.