NEW YORK, Aug. 9, 2021 /PRNewswire/ -- BNY Mellon
Investment Management, one of the world's largest asset managers
with $2.3 trillion in assets under
management1, today announced the expansion of its
Exchange-Traded Funds (ETFs) range with the introduction of the BNY
Mellon Ultra Short Income ETF, sub-advised by Dreyfus Cash
Investment Strategies (CIS)2. This active ETF solution,
which seeks to address the growing demand for increased yield with
less volatility than a short-term bond fund and potentially
additional return over money market funds3, is expected
to commence trading on the New York Stock Exchange (NYSE) on
Wednesday, August 11, 2021.
The introduction of the BNY Mellon Ultra Short Income ETF marks
the first of several upcoming active ETF solutions from BNY Mellon
Investment Management. In the coming months the firm expects
to launch three active ETF sustainable solutions sub-advised by
Newton Investment Management Limited (BNY Mellon Sustainable US
Equity ETF, the BNY Mellon Sustainable International Equity ETF;
and the BNY Mellon Sustainable Global Emerging Markets
ETF)4; the BNY Mellon Responsible Horizons Corporate
Bond ETF4, sub-advised by Insight North America LLC; and
the BNY Mellon Concentrated International ETF4,
sub-advised by Walter Scott &
Partners Limited, each sub-adviser an affiliate of BNY Mellon.
"Given the current low rate environment, an ultra short
bond ETF seeks to address the growing demand for increased yield
with less volatility than a short-term bond fund and potentially
additional return over money market funds3," said
John Tobin, Chief Investment Officer
of Dreyfus Cash Investment Strategies. "The BNY Mellon Ultra Short
Income ETF is a natural extension of our existing suite of
liquidity solutions, and we're especially excited to bring our
ultra short income capabilities to the ETF market."
BNY Mellon introduced in April
2020 its initial suite of eight Index ETFs, including the
industry's first true zero-fee5 ETFs in the largest
equity and fixed income ETF categories without fee waivers or other
restrictions—the BNY Mellon US Large Cap Core Equity ETF and the
BNY Mellon Core Bond ETF—as well as a BNY Mellon High Yield Beta
ETF. Since its debut, the initial BNY Mellon-sponsored ETF suite
has grown to over $845M in AUM as of
June 30, 2021, with spreads and
quoted depth proving competitive across each strategy.
"Our mission in entering the ETF marketplace last year was to
make our leading investment capabilities accessible to a broader
range of clients through the ETF structure," said Andy Provencher, BNY Mellon Investment
Management Head of North American Distribution. "We have an
ambitious product pipeline of active ETFs that we're excited to
bring to market over the next several months. Continuing to launch
active ETFs strengthens the suite of solutions we're able to offer
clients and deepens our relationships by meeting their evolving
needs for more low-cost, tax-efficient investment strategies."
About BNY Mellon Investment Management
BNY Mellon
Investment Management is one of the world's largest asset managers,
with $2.3 trillion in assets under
management as of June 30, 2021.
Through an investor-first approach, BNY Mellon Investment
Management brings to clients the best of both worlds: specialist
expertise from eight investment firms offering solutions across
every major asset class, backed by the strength, stability, and
global presence of BNY Mellon. Additional information on BNY Mellon
Investment Management is available on www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $45.0 trillion in assets
under custody and/or administration as of June 30, 2021. 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.
Media Contacts:
Andrew
Conn
BNY Mellon Investment Management
347-461-2353
andrew.conn@bnymellon.com
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 im.bnymellon.com. Read the
prospectus carefully before investing.
ETF shares are listed on an exchange, and shares are generally
purchased and sold in the secondary market at market price. At
times, the market price may be at a premium or discount to the
ETF's per share NAV. In addition, ETFs are subject to the risk that
an active trading market for an ETF's shares may not develop or be
maintained. Buying or selling ETF shares on an exchange may require
the payment of brokerage commissions.
ETFs trade like stocks, are subject to investment risk,
including possible loss of principal. The risks of
investing in ETFs typically reflect the risks associated with the
types of instruments in which the ETF invests. Diversification
cannot assure a profit or protect against loss.
Not FDIC-Insured | No Bank Guarantee | May Lose Value
©2021 BNY Mellon Securities Corporation, distributor, 240
Greenwich St., New York, NY
10286.
1 As of June
30, 2021.
2 A division of Mellon
Investments Corporation.
3 The BNY Mellon
Ultra Short Income ETF is not a money market fund. The fund's NAV
and market value will fluctuate every day and these fluctuations
may be significant on certain days. Also, the fund is not
subject to the liquidity requirements and investment and credit
quality restrictions applicable to money market funds. There can be
no guarantee that the fund will generate higher returns than money
market funds.
4 A registration statement
relating to these securities has been filed with the U.S.
Securities and Exchange Commission. The securities may not be sold
until the registration statement becomes
effective.
5 Zero-fee means zero total
annual fund operating expenses and does not include any applicable
brokerage commissions shareholders may pay for the purchase or sale
of ETF shares through their broker/dealer.
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SOURCE BNY Mellon