29 Oct 2009
Lipper to Provide Fund Model Portfolio Construction Research Services to BMO InvestorLine
New York, NY - 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," said Dr. Gabriel Burstein, Global Head of Fund Research at Lipper.
"Lipper, with its recognized reputation in the global fund industry, is an ideal partner for BMO InvestorLine and our industry leading model portfolio offering.", said Cesar Rainusso, Vice President of Strategy at BMO InvestorLine.
About Lipper
Lipper, a Thomson Reuters company, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities. Lipper is the world's leading fund research and analysis organization, covering nearly 200,000 share classes and over 110,450 funds in 59 registered for sale (RFS) universes. In addition, Lipper provides the free Lipper Leader ratings for mutual funds registered for sale in over 30 countries and regions. Additional information is available at www.lipperweb.com.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange and New York Stock Exchange. For more information, go to www.thomsonreuters.com.
About BMO InvestorLine
BMO Financial Group’s online brokerage firm, BMO InvestorLine, helps clients make sound and knowledgeable investment decisions by offering tools and services that validate their portfolio planning, selection and management decisions. Its comprehensive suite of financial planning tools and investment products is particularly valuable for investors looking for a long-term and strategic portfolio solution.
BMO InvestorLine is part of BMO Financial Group’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States.
Media Contacts
Janice Addams
Senior Manager, Public Relations
Thomson Reuters
Tel: +1 646 223 6940
Email
Paul Gammal, Toronto
BMO
Tel: +1 416.867.6543
Email