Multi-Asset

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

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September 2020

Could Tech Gyrations End the Rally?

While the ebb and flow of the high-flying tech stocks is to be expected, some underlying trends are profoundly anchoring the longer-term outlook.

September 2020

September Monthly MAST Commentary: Tech Keeps on Rocking While Fed Keeps Its Inflation Wish Alive

The economic recovery is about halfway through, but we already have a good idea of the lasting societal changes emerging from the pandemic.

September 2020

Some COVID-19 Scars may Persist

While a vaccine might be on its way later this year, social distancing and mobility restrictions have inflicted severe pain on some sectors of the economy.

August 2020

Canadian Housing Holding up Against Bearish Fears

In line with our expectations, the Canadian housing market has held up despite the COVID shock.

August 2020

August MAST Commentary: Investors Building Herd Immunity Against COVID-19 Fear, But Economy Will Need More Fiscal Steroids

Equity gains continued in July as bond yields slipped, though performance remains uneven across regions, sectors and factors.

August 2020

A recession like no other

Unlike previous recessions, the value of a U.S. used car has risen sharply this summer as our daily lives are profoundly impacted by social distancing and the sudden COVID-induced de-urbanization wave.

July 2020

Bracing for bad earnings, not necessarily bad news

The earnings season kicked off last week and we are unsurprisingly seeing many firms facing steep contraction in revenues and earnings because of COVID.

July 2020

July MAST Commentary: Equities Healing Faster than the Economy

The road ahead is unlikely to continue as smoothly, especially for the U.S. labour market as the May and June job gains represent only about a third of the jobs lost in March and April.

July 2020

Second-Wave Headlines Make Investors More Nervous than Consumers

Since the middle of June, the world has seen a spike in COVID cases in some cities and U.S. states, which has caused renewed market volatility.

June 2020

Thematic investing and the Post-COVID world

In the third in our series of virtual mini-forums, we discussed thematic investing post-COVID in one session and the outlook for oil in another.

June 2020

U.S. Consumers Meet the Stock-Market V-Recovery

Last week we got another strong indication that the economy was catching up with the stock-market optimism when U.S. retail sales rebounded by 18%, reversing a 15% drop in April.

June 2020
6 min read

Recovery by 2022? It's fiscally possible

In this session, the debate focused on why the global economy may pull out of COVID-driven recession more quickly than consensus believes.

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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.