BNY Mellon IM launches new product
BNY Mellon Investment Management has brought a new product to the Australian market.
The US-based company announced that it and its affiliate, Standish Mellon Asset Management, had launched a locally-registered Global Fixed Income Fund for Australian investors, the BNY Mellon Standish Global Bond Fund1.
It said the product had been seeded with $50 million and was seeking to take advantage of relative value opportunities across global bond markets including sovereign bonds, investment grade and high yield corporate bonds, and emerging market debt.
Commenting on the launch, Standish’s co-deputy chief investment officer and managing director of Global Fixed Income, Raman Srivastava said the company was excited by the fund’s launch in Australia and the confidence a client has placed in us by providing day-one capital.
“Our fund and related strategy will allow for a dynamic yet controlled approach to investing across the global bond landscape,” he said. “This is critical during a period when central banks are removing accommodation from the global financial system, resulting in the potential for higher global interest rates.”
BNY Mellon Investment Management Asia Pacific chief executive, Alan Harden said the product would give the company an opportunity to grow its business in Australia.
AUTHOR
Mike Taylor
Recommended for you
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
BT has kicked off its second annual Career Pathways Program in partnership with Striver, almost doubling its intake from the inaugural program last year.
Kaplan has launched a six-week intensive program to start in January, targeting advisers who are unlikely to meet the education deadline but intend to return to the profession once they do.
