NEW YORK, Nov. 30, 2017 /PRNewswire/ -- BNY Mellon
Investment Management has launched BNY Mellon Insight Broad
Opportunities Fund, a new multi-asset fund that invests across a
wide range of asset classes using multiple investment
strategies.
"BNY Mellon Insight Broad Opportunities Fund features dynamic
asset allocation to limit volatility over a market cycle, which is
typically five years. The fund's sub-adviser, Pareto
Investment Management Limited, is part of Insight, a leading global
investment manager," said Joseph
Moran, head of distribution at Dreyfus. "The new fund is a
unique alternative to equities that strengthens our existing active
line-up of alternative strategies."
Insight's Matthew Merritt,
Steve Waddington and Michael Ford are the fund's primary portfolio
managers. They will allocate the fund's assets among a broad range
of asset classes, including equities, fixed income, currencies,
real estate, listed infrastructure and commodities, in both
developed and emerging markets. In seeking to provide a minimum
average annual total return of USD
1-Month LIBOR plus 4.5% over rolling five year periods, the
portfolio managers select investment strategies and asset classes
based on their view of macroeconomic themes at the time of
investment.1
Insight's Multi-Asset Strategy Group is comprised of ten
investment professionals with an average of 17 years of industry
experience in asset allocation, investment research, risk
management and portfolio implementation.
"In combining directional and less directional strategies, BNY
Mellon Insight Broad Opportunities Fund is designed to adapt to
changing market conditions while providing investors with a
portfolio that seeks to capture return and manage volatility," said
Matthew Merritt, Head of the
Multi-Asset Strategy Group at Insight Investment. "Having long
provided multi-asset solutions to some of the world's most
sophisticated institutional investors, we are pleased to be
bringing our expertise and process to a broader universe of
investors."
"This is the second mutual fund sub-advised by a subsidiary of
Insight to be launched in the U.S and signals our broader ambition
to bring a range of strategies to the U.S. marketplace," said
Svein Floden, Head of Intermediary
Distribution at Insight Investment. "It also demonstrates our
ability to use complex and robust investment strategies into liquid
and registered funds for US investors, a proposition which we
believe helps us to stand out in this market."
BNY Mellon's Dreyfus Corporation serves as the investment
manager of the fund, and MBSC Securities Corporation, a wholly
owned subsidiary of Dreyfus, serves as the fund's distributor. The
fund is sub-advised by Pareto Investment Management Limited, an
affiliate of Dreyfus and a wholly-owned subsidiary of Insight
Investment Management Limited ("Insight" or "Insight Investment"),
a BNY Mellon investment boutique with $741
billion under management globally2.
The fund offers Class A (DIOAX), Class C (DIOCX), and Class I
(DIOIX) shares with a minimum initial investment of $1,000. The fund also offers Class Y (DIOYX)
shares generally with a minimum initial investment of $1,000,000. Additional information
regarding the fund can be found on Dreyfus' website at
www.dreyfus.com.
About Dreyfus
As part of BNY Mellon Investment
Management, Dreyfus is an asset management company that provides
individuals, financial advisors, and institutional clients with
investment solutions in the U.S. The firm accesses a broad range of
investment solutions from BNY Mellon's global network of
world-class investment managers, which includes asset classes
spanning global, international and domestic equity, fixed income,
alternatives, retirement and cash management strategies. Dreyfus
offers 150 mutual funds with AUM of $320
billion across long only and money market strategies as of
September 30, 2017. The firm
originated in 1951 as one of the first mutual fund investment
companies.
About Insight
Insight Investment is an asset
management organization focused on designing investment solutions
to meet its clients' needs. Founded in 2002, Insight's
collaborative approach has strived to deliver both investment
performance and growth in assets under management. Insight managed
£552bn ($741bn) as at 30 September 2017 across liability-driven
investment, fixed income & currency, global multi-asset and
absolute return, global farmland and specialist
equities2.
About BNY Mellon Investment Management
BNY Mellon
Investment Management is one of the world's leading investment
management organizations and one of the top U.S. wealth managers,
with $1.8 trillion in assets under
management as of September 30, 2017.
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
$32.2 trillion in assets under
custody and/or administration as of September 30, 2017. 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.
Investors interested in the fund should consider the
investment objective, risks, charges and expenses of the fund
carefully before investing. To obtain a prospectus that contains
this and other information about the fund, investors should contact
their financial representatives or visit Dreyfus.com. Read the
prospectus carefully before investing.
Main Risks
Absolute return portfolios may
not fully participate in strong positive market
rallies. Asset allocation cannot assure a profit
or protect against loss. Equities are subject to
market, market sector, market liquidity, issuer, and investment
style risks to varying degrees. Bonds are subject to
interest rate, credit, liquidity, call and market risks, to varying
degrees. Generally, all other factors being equal, bond prices are
inversely related to interest-rate changes and rate increases can
cause price declines. Investing in foreign denominated and/or
domiciled securities involves special risks, including changes
in currency exchange rates, political, economic, and social
instability, limited company information, differing auditing and
legal standards, and less market liquidity. These risks
generally are greater with emerging market countries.
Commodities contain heightened risk including market,
political, regulatory, and natural conditions, and may not be
suitable for all investors. Derivatives and commodity-linked
derivatives involve risks different from, or possibly greater
than, the risks associated with investing directly in the
underlying assets. Derivatives can be highly volatile,
illiquid, and difficult to value and there is the risk that changes
in the value of a derivative held by the portfolio will not
correlate with the underlying instruments or the portfolio's other
investments. Commodity-linked derivative instruments may involve
additional costs and risks such as commodity index volatility or
factors affecting a particular industry or commodity, such as
drought, floods, weather, livestock disease, embargoes, tariffs and
international economic, political and regulatory
developments.
The Dreyfus Corporation, Insight, and MBSC Securities
Corporation are affiliated with The Bank of New York Mellon
Corporation. ©2017 MBSC Securities Corporation, distributor,
225 Liberty Street, 19th Fl., New York,
NY 10281.
1 There is no assurance, however, that the fund
will be able to provide such returns or positive returns, and an
investor may lose money by investing in the fund.
2 As at 30 September
2017. Assets under management (AUM) are represented by the
value of cash securities and other economic exposure managed for
clients. Figures shown in USD. FX rates as per WM Reuters
4pm spot rates. Reflects the AUM of
Insight, the corporate brand for certain companies operated by
Insight Investment Management Limited (IIML). Insight includes,
among others, Insight Investment Management (Global) Limited
(IIMG), Pareto Investment Management Limited (PIML), Cutwater Asset
Management Corp. (CAMC), Cutwater Investor Services Corp. (CISC)
and Insight North America LLC (INA), each of which provides asset
management services.
Ben Tanner
(212) 635 8676
ben.tanner@bnymellon.com
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SOURCE BNY Mellon Investment Management