Key mandate for Mellon
Mellon Global Investments Australia has picked up a key mandate for its recently-launched Australian-domiciled Mellon Global Bond Alpha Trust.
Mellon announced today that it had received a $17.5 million mandate for MFS Investment Management’s (MFSIM) Premium Income Fund.
The mandate represents an important boost for the Mellon Global Bond Alpha Trust, which was launched in September, last year, and is sub-advised by the Global Alpha Team at Mellon Capital Management Corporation in San Francisco.
Commenting on the mandate, MFSIM chief executive Guy Hutchings said he believed the strategy would be an important contributor to the overall performance and diversification of the fixed interest sector of the Premium Income Fund.
AUTHOR
Mike Taylor
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