BNY Mellon Investment Management (IM) today announces the launch of the BNY Mellon Sustainable Global Dynamic Bond Fund (the Fund). Newton Investment Management (Newton IM), an investment specialist of BNY Mellon IM, is appointed to manage the Fund. The new Fund is part of the Dublin-domiciled BNY Mellon Global Funds, plc range.
The BNY Mellon Sustainable Global Dynamic Bond Fund is an actively managed, unconstrained dynamic global fixed income portfolio that exclusively invests in holdings that adhere to Newton IM’s sustainability criteria. The Fund will measure its performance against cash (1-month EURIBOR) + 2% per annum over five years before fees*. It is managed by Paul Brain, Scott Freedman, Martin Chambers, Trevor Holder and Carl Shepherd.
The Fund is the fourth to be launched in Newton IM’s sustainable range. It follows the recent launches of the Newton Sustainable Global Equity Fund, Newton Sustainable Real Return Fund and Newton Sustainable Sterling Bond Fund under the UK-domiciled BNY Mellon Investment Funds umbrella fund.
The Fund will seek to deliver positive returns over a typical market cycle, and will follow Newton’s global thematic approach in seeking to identify areas of potential investment opportunity and risk. It will invest in a broad range of fixed income asset classes, including government bonds, investment-grade corporate bonds, high yield corporate bonds, and emerging-market sovereign debt.
All holdings in the Fund are selected in accordance with Newton IM’s proprietary sustainable investment process.
Our investment specialist Newton Investment Management has had responsible investing at the heart of its approach since its foundation in 1978.Hilary Lopez, Head of European Intermediary at BNY Mellon IM / Olivier Cassin, Head of Institutional Distribution for Europe at BNY Mellon IM
By encouraging companies to engage in long-term sustainable behaviour, we believe these efforts over time result in better management, which can lead to better outcomes – both for clients in terms of value and for society as a whole.
The BNY Mellon Sustainable Global Dynamic Bond Fund offers investors access to bonds that meet Newton IM’s sustainability criteria for fixed-income investments. The assessment of ESG factors within credit analysis enhances risk mitigation, which is particularly important given the asymmetric nature of bond returns. We are very pleased to be able to offer this important proposition to European investors.
The BNY Mellon Sustainable Global Dynamic Bond Fund is a new Fund in the Dublin-domiciled BNY Mellon Global Funds, plc range. It is registered for distribution in the UK, France, Germany, Italy, Spain, Belgium, Austria, Denmark, Switzerland, Norway, Sweden, Finland, The Netherlands and Luxembourg. The Fund is available to intermediaries and institutional investors.
Newton IM manages £2.6 billion (US$3.4bn; EUR2.9bn) on a sustainable or ethical basis (as of 31 December 2018).
Notes to editors:
Newton Investment Management Ltd (NIM) is a London-based global investment management subsidiary of The Bank of New Mellon Corporation. NIM and Newton Investment Management (North America) Limited (NIMNA) are authorised and regulated by the Financial Conduct Authority. NIMNA is also registered with the US Securities and Exchange Commission. Registered address, BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England No. 01371973 (NIM) and No. 2675952 (NIMNA).
With assets under management of £46.714 billion (US$59.5bn) as at 31 December 2018, Newton IM provides investment products and services to a wide range of clients, including pension funds, charities, corporations and (via BNY Mellon) individuals. News and other information about Newton is available at newton-stag-01.aws.hmn.md and via Twitter: @NewtonIM.
BNY Mellon Investment Management is one of the world’s leading investment management organizations and one of the top U.S. wealth managers, with US$1.7 trillion in assets under management as of December 31, 2018. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon Investment Management is a division of BNY Mellon, which has US$33.1 trillion in assets under custody and/or administration as of December 31, 2018. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Unless otherwise specified herein, all information sourced by BNY Mellon as of 26 February 2019. This press release is qualified for issuance in the UK and Europe and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) to members of the financial press and media and the information contained herein should not be construed as investment advice. Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds. Registered office of BNYMIM EMEA: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company.
* However, a positive return is not guaranteed and a capital loss may occur.