Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

BNY Mellon launches US equity fund

BNY Mellon launches US equity fund

BNY Mellon Investment Management has brought an additional US equity fund to the UK.

This is the second fund the business has introduced to the UK from its San Francisco boutique Mellon Capital in the last few months. In September, BNY Mellon brought over a US high-yield fund.

The BNY Mellon Dynamic US Equity fund hopes to outperform the S&P 500 by 2%-4% a year, gross of fees and will charge an annual management fee of 0.4%.

The  strategy has been run since 1989. Over the last 28 years the strategy has outperformed the S&P 500 by 3.3% gross of fees a year, the business said, and outperformed in 21 of the last 27 calendar years.

‘The BNY Mellon Dynamic US Equity fund is a compelling proposition that we believe will help European clients solve two problems,’ Matt Oomen (pictured), BNY Mellon’s head of global distribution, told Wealth Manager.

‘Investors will have an alternative to passive in US large cap, one of the most efficient markets in the world. Many investors have been disappointed with active US large cap and are moving their US large cap assets to passive.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Thomas Miller explains its post-restructure plans

Profile: Thomas Miller explains its post-restructure plans

Thomas Miller Investment’s (TMI) head of wealth Matt Phillips has strong opinions about many things

Wealth Manager on Twitter