Dreyfus Launches Brazil Equity Fund
December 16 2009 - 8:15AM
PR Newswire (US)
One of the First Mutual Funds of its Kind in U.S. NEW YORK, Dec. 16
/PRNewswire-FirstCall/ -- The Dreyfus Corporation, part of BNY
Mellon Asset Management, today announced the introduction of
Dreyfus Brazil Equity Fund, one of the first mutual funds of its
kind in the U.S. "Focused solely on Brazil with 'boots on the
ground' active Brazil portfolio management, Dreyfus Brazil Equity
Fund will seek to capture the Brazilian growth story," said Phil
Maisano, Vice Chairman and Chief Investment Officer for Dreyfus and
Chief Investment Strategist for BNY Mellon Asset Management. BNY
Mellon ARX Investimentos Ltda., a wholly-owned subsidiary of BNY
Mellon, the fund's sub-investment advisor, is headquartered in
Brazil. Dreyfus Brazil Equity Fund seeks long-term capital growth
by investing at least 80% of its assets in equity securities of
companies that have their registered office in Brazil; whose
principal trading market is in Brazil; or that have a majority of
their assets, or profits derived from businesses, investments or
sales, in Brazil. The Fund seeks investment opportunities in
companies with sustainable earnings, attractive valuations and high
dividend yields that indicate the potential for strong sustainable
capital growth. BNY Mellon ARX constructs the fund's portfolio
through a combination of quantitative and fundamental bottom-up
research, and an understanding of local/regional macroeconomic
trends. The Fund may invest in the stocks of companies of any size,
although it focuses on large and mid-cap companies (generally, with
market capitalizations of $2 billion or more at the time of
purchase). Rogerio Poppe, CFA, and Bruno de Godoy Garcia, CFA,
serve as the Fund's co-primary portfolio managers. The stock market
of Brazil, like those of other emerging market countries, has
experienced significant volatility. Investing in Brazil involves
special risks, including changes in current exchange rates,
political, economic and social instability, a lack of comprehensive
company information, differing auditing and legal standards and
less market liquidity. The fund's concentration in securities of
Brazilian companies could cause the fund's performance to be more
volatile than that of more geographically diversified funds. Notes
to Editors: The Dreyfus Corporation, established in 1951 and
headquartered in New York City, is one of the nation's leading
asset management and distribution companies, currently managing
more than $400 billion in mutual funds and separately managed
accounts. BNY Mellon ARX, part of BNY Mellon Asset Management,
specializes in Brazilian multi-strategy, equity long-short, equity
long-only and fixed income investment strategies and provides
access to the expanding investment opportunities in the rapidly
growing Brazilian marketplace. BNY Mellon Asset Management is the
umbrella organization for BNY Mellon's affiliated investment
management firms and global distribution companies. BNY Mellon is
the corporate brand of The Bank of New York Mellon Corporation. BNY
Mellon is a global financial services company focused on helping
clients manage and service their financial assets, operating in 34
countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions,
corporations and high-net-worth individuals, providing superior
asset management and wealth management, asset servicing, issuer
services, clearing services and treasury services through a
worldwide client-focused team. It has $20.7 trillion in assets
under custody and administration, $926 billion in assets under
management, services $11.8 trillion in outstanding debt, and
processes global payments averaging $1.8 trillion per day.
Additional information is available at bnymellon.com. Investors
should consider the objectives, risks, fees, charges and expenses
associated with the fund before investing. Investors should contact
their financial advisors or call 1-800-334-6899 or 1-800-346-8893
to obtain a prospectus, which contains this and other information
about the fund, and should read the prospectus carefully before
investing. The fund should be considered for investment only by
those investors willing to accept the greater risks associated with
investing in an emerging market and should be considered only as a
supplement to an overall investment program. Equity funds are
subject generally to market, market sector, market liquidity,
issuer and investment style risks, among other factors, to varying
degrees, all of which are more fully described in the fund's
prospectus. DATASOURCE: BNY Mellon; The Dreyfus Corporation; BNY
Mellon ARX CONTACT: Patrice M. Kozlowski, +1 212-922-6030, Web
Site: http://www.bnymellon.com/
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