Mellon launches new equity trust
Mellon Financial Corporation has launched a new equity trust through its Australian distribution channel aimed at institutional investors.
Mellon Global Investments Australia, the Australian distribution subsidiary of Mellon Financial Corporation, has launched the Mellon Australian Equity Long/Short Trust.
The Mellon Australian Equity Long/Short Trust is sub-advised by Mellon Capital Management Corporation in San Francisco, and follows a large and mid cap stock.
Commenting on the new trust, Mellon Capital’s managing director of active equity strategies Warren Chiang said: “This product embodies Mellon Capital’s commitment to delivering consistent value-added investment strategies. We are pleased to make it available to Australia’s institutional investors.”
Australian Wealth Management’s asset management arm United Funds Management is the seed client for the new trust.
Mellon Capital has in excess of A$223.3 billion in assets under management, including assets managed as
dual officers and A$38.6 billion in overlay strategies.
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.
