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BMO’s multi-asset capabilities and funds are designed around helping investors meet their long-term investment goals. Our teams work to achieve the right balance between managing risks and grasping opportunities – both elements are important as we work to deliver the outcomes our clients seek.

The principle of diversification is a powerful one and each of our portfolios is made up of a blend of different asset types. Active management is key and strategic and tactical asset allocation as well as the selection of individual portfolio components all play a role.

Our multi-asset range includes risk-managed options providing scope for clear alignment with individual risk profiles as well as funds seeking to provide above inflation total returns.

Our Five Lenses approach

Our asset allocation views are formed by fundamental and quantitative analysis across asset classes, taking the global macroeconomic backdrop, valuation metrics and policy considerations into account.

The Five Lenses approach helps explain the drivers of asset allocation decisions.

Lens 1: Asset Class

  • Equities
  • Fixed Income

Key influences:

  • Economic outlook
  • Policy
  • Business cycle
  • Investment sentiment

Lens 2: Equity

  • Canada, U.S., International
  • Emerging Markets
  • Sectors
  • Alternatives

Key influences:

  • Economy
  • Policy
  • Valuation
  • Behavioural

Lens 3: Fixed Income

  • Duration
  • Credit
  • Yield Curve
  • Region
  • Alternatives

Key influences:

  • Economy
  • Policy
  • Rates and inflation
  • Credit

Lens 4: Currency

  • Hedging
  • Currency overlay

Key influences:

  • GDP growth
  • Policy
  • Commodity cycle

Lens 5: Factors

  • Value, Growth, Momentum, Quality, Yield, Size, Volatility
  • Carry

Key influences:

  • Relative value
  • Relative strength
  • Income
  • Volatility

Multi-Asset Insights

Bubbles floating in front of a green forest background
August 2021

How long will high inflation last?

Fred Demers & Brittany Baumann share their views on temporary inflation drivers and how to position institutional portfolios for what’s ahead.
Focused woman working from home
June 2021

Positioning for Peak Growth and High Inflation

Two concerns are top of mind for investors: inflation overheating and peak economic growth.
Business analyst looking at four computer screens
May 2021

New highs for S&P 500: Don’t be afraid of heights

As the global economy emerges from the pandemic, central banks are starting to reduce emergency stimulus.
Market analysis
April 2021

April Monthly MAST Commentary: S&P 500 Above 4000 Despite Third-Wave Wobbles

Canadian growth expectations, like the U.S., are outperforming this year, which is benefiting earnings expectations.
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March 2021

Inflation Fears in a Post COVID-19 World

Fears of deflation have since morphed into fears of overheating after unprecedented increases in monetary and fiscal stimulus in a short amount of time and growing supply shortages.
Digital map of the world
March 2021

March Monthly MAST Commentary: Helicopter Money and Reflation Hype Fuels Bond Tantrum

The vaccine rollout is accelerating, and further U.S. fiscal stimulus remains on track to be delivered soon, which is helping lift growth expectations.
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Risk Disclaimer

The value of investments and any income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested.