Greg Gipson has significantly broadened the geographic exposure in the BMO Global Energy Class A mandate since taking over the fund in March 2017.
"Prior to our taking over management," says Gipson, a managing director and portfolio manager at BMO Global Asset Management in Toronto, "this fund was more Canadian focused; it was roughly 90% Canadian, 10% non-Canadian. We moved it to have a bit more of a global feel, so it's the other way around, 10% Canada and 90% non-Canada."
The global universe from which Gipson draws ideas includes more than 325 companies of all market capitalizations, located in the developed markets. There is no emerging market exposure in the fund and no Middle-East direct exposure. The portfolio is currently weighted approximately 24% in large-cap names exceeding $100-billion. Gipson describes the style of the fund as neither growth nor value, but rather as a balance between the two.
