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
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
