NEW YORK, Dec. 15, 2021 /PRNewswire/ -- BNY Mellon
Investment Management today announced the launch of three actively
managed sustainable exchange-traded funds (ETFs): the BNY Mellon
Sustainable US Equity ETF (BKUS), BNY Mellon Sustainable
International Equity ETF (BKIS) and BNY Mellon Sustainable Global
Emerging Markets ETF (BKES). All three ETFs are sub-advised by
Newton Investment Management Limited, a BNY Mellon investment firm
and a leading equity and multi-asset manager with a long track
record of sustainable and responsible investing experience. The
ETFs were listed today, December 15,
2021, on the New York Stock Exchange (NYSE).
Today's launch marks the continued expansion of BNY Mellon's
active ETF product range, which commenced trading on five actively
managed ETFs this year, including the BNY Mellon Concentrated
International ETF (BKCI) launched earlier this month, and the BNY
Mellon Ultra Short Income ETF (BKUI) which launched in August.
Each of the ETFs in this new suite are designed to deliver a
range of solutions to investors seeking long-term growth potential,
with options for exposure to U.S. domestic portfolios as well as
international and emerging markets.
The fully transparent, active ETFs also build upon Newton's
responsible investment heritage, seeking the following long-term
capital appreciation opportunities.
- BNY Mellon Sustainable US Equity ETF (BKUS): The fund
typically invests at least 80% of its net assets in equity
securities of U.S. companies that demonstrate attractive investment
attributes and sustainable business practices.[2]
Charles French and Yuko Takano are the fund's primary portfolio
managers.
- BNY Mellon Sustainable International Equity ETF (BKIS):
The fund typically invests at least 80% of its net assets in equity
securities of foreign companies that demonstrate attractive
investment attributes and sustainable business practices.
Paul Markham and Yuko Takano are the fund's primary portfolio
managers.
- BNY Mellon Sustainable Global Emerging Markets ETF
(BKES): The fund typically invests at least 80% of its net
assets in equity securities of companies listed on exchanges in,
organized in, or with their principal place of business in, or have
a majority of assets or business in, emerging market countries and
that demonstrate attractive investment attributes and sustainable
business practices. Paul Birchenough
and Ian Smith are the fund's primary
portfolio managers.
"As investors and advisors continue to seek out innovative ways
to invest for long term growth while also driving meaningful change
across a variety of ESG-related initiatives, the demand for fully
transparent, actively managed investment strategies has grown,
specifically within ETFs and sustainable solutions," commented
Andy Provencher, Head of North
America Distribution, BNY Mellon Investment Management. "Always
focusing on client-orientated outcomes, the launch of this new
suite of ETFs demonstrates our commitment to responding to client
demand for sustainable solutions and leveraging the specialist
capabilities of our investment firms."
"Newton has deep expertise across the sustainable investing
space and believes that active management plays a critical role in
effectively identifying and measuring sustainable investments over
time," commented Curt Custard,
Interim Head of Sustainable Investment and Global Head of Client
Investment Solutions, Newton. "As such, we are delighted to add BNY
Mellon Sustainable US Equity ETF, BNY Mellon Sustainable
International Equity ETF and BNY Mellon Sustainable Global Emerging
Markets ETF to our range of active product offerings, which will
offer clients access to an investment area that we as a firm are
well versed in and continue to prioritize."
The company uses a global thematic investment process, and it
has a long track record in developing responsible investing and ESG
solutions. Newton Investment Management Ltd has been proxy voting
since the 1970s and employed responsible investment analysts since
the 1990s - long before it became mainstream to do so. It has been
a signatory of the UN Principles of Responsible Investment since
2007 and joined the Net Zero Asset Managers initiative in
March 2021, demonstrating its
commitment to working with clients to help fulfill net-zero
ambitions and to navigate portfolios through complex energy
transitions.[3] Newton currently manages
$5.2 billion globally in sustainable
investments across equity, fixed income, equity opportunities,
equity income, multi asset and real return
strategies.[4]
To learn more about BNY Mellon's ETF range, including the
prospectus documents, please visit www.im.bnymellon.com/etf.
BNY Mellon Investment Management is one of
the world's largest asset managers, with $2.3 trillion in assets under management as of
Sept. 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.im.bnymellon.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $45.3 trillion in assets
under custody and/or administration as of Sept. 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.
Newton Investment Management
The Newton
Investment Management Group is used to collectively describe a
group of affiliated companies that provide investment advisory
services under the brand name 'Newton' or 'Newton Investment
Management'. Investment advisory services are provided in the
United Kingdom by Newton
Investment Management Ltd and in the
United States by Newton Investment Management North America
LLC. Both firms are indirect subsidiaries of The Bank of New York
Mellon Corporation ("BNY Mellon"). With assets under management of
$145 billion as of Sept. 30, 2021, Newton provides discretionary and
non-discretionary investment advice to institutional clients,
including U.S. and global pension funds, sovereign wealth funds,
central banks, endowments, foundations, insurance companies,
registered mutual funds, other pooled investment vehicles and other
institutions. Its office locations include London, Boston, New
York and San Francisco.
News and other information about Newton is available at
www.newtonim.com and via Twitter: @NewtonIM.
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 ETFs
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.
The ETF will issue (or redeem) fund shares to certain
institutional investors known as "Authorized Participants"
(typically market makers or other broker-dealers) only in large
blocks of fund shares known as "Creation Units." BNY Mellon
Securities Corporation ("BNYMSC"), a subsidiary of BNY Mellon,
serves as a distributor of the fund. BNYMSC does not distribute
fund shares in less than Creation Units, nor does it maintain a
secondary market in fund shares. BNYMSC may enter into selected
agreements with Authorized Participants for the sale of Creation
Units of fund shares.
Equities are subject to market, market sector,
market liquidity, issuer, and investment style risks to varying
degrees. Small and midsized company stocks tend to be more
volatile and less liquid than larger company stocks as these
companies are less established and have more volatile earnings
histories. 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.
The fund's incorporation of ESG considerations into its
investment approach may cause it to make different investments than
funds that invest principally in equity securities of companies
that do not incorporate ESG considerations when selecting
investments. Under certain economic conditions, this could cause
the fund to underperform funds that do not incorporate ESG
considerations. For example, the incorporation of ESG
considerations may result in the fund forgoing opportunities to buy
certain securities when it might otherwise be advantageous to do so
or selling securities when it might otherwise be disadvantageous
for the fund to do so. The incorporation of ESG considerations may
also affect the fund's exposure to certain sectors and/or types of
investments, and may adversely impact the fund's performance
depending on whether such sectors or investments are in or out of
favor in the market.
Unless otherwise specified herein, all information is sourced by
BNY Mellon as of December 3, 2021.
This press release is qualified for issuance in the United States and is for informational
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 material does not
take into account the particular investment objectives,
restrictions, or financial, legal, or tax situation of any specific
investor. Investors should consult a legal, tax, or financial
professional in order to determine whether an investment product or
service is appropriate for a particular situation.
Not FDIC-Insured | No Bank Guarantee | May Lose
Value
©2021 BNY Mellon Securities Corporation, distributor,
240 Greenwich St., New York, NY
10286.
[1] The Newton Investment Management Group is
used to collectively describe a group of affiliated companies that
provide investment advisory services under the brand name 'Newton'
or 'Newton Investment Management'. Investment advisory services are
provided in the United Kingdom by
Newton Investment Management Ltd and in the United States by Newton Investment
Management North America LLC. Both firms are indirect subsidiaries
of The Bank of New York Mellon Corporation ("BNY Mellon")
[2] The fund's sub-adviser, Newton Investment
Management Limited (Newton), an affiliate of the Adviser, considers
a company to be engaged in "sustainable business practices" if the
company engages in such practices in an economic sense (i.e., the
company's strategy, operations and finances are stable and
durable), and takes appropriate measures to manage any material
consequences or impact of its policies and operations in relation
to environmental, social and governance (ESG) matters (e.g., the
company's environmental 7 footprint, labor standards, board
structure, etc.). Companies engaged in sustainable business
practices also may include companies that have committed explicitly
to improving their environmental and/or social impacts that will
lead to a transformation of their business models.
[3] The Net Zero Asset Managers initiative is an
international group of asset managers committed to supporting the
goal of net zero greenhouse gas emissions by 2050 or sooner, in
line with global efforts to limit warming to 1.5 degrees Celsius;
and to supporting investing aligned with net zero emissions by 2050
or sooner.
[4] As of 30 September
2021. This AUM figure includes some strategies and products
not available to U.S. investors.
For Press:
Jessica
Rutledge
BNY Mellon Investment Management
+1(917)683-6820
Jessica.rutledge@bnymellon.com
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SOURCE BNY Mellon Investment Management