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BNY Mellon Investment Management Launches Multi-Asset Fund

Traders Magazine Online News, December 5, 2017

John D'Antona Jr.

BNY Mellon Investment Management has launched BNY Mellon Insight Broad Opportunities Fund, a new multi-asset fund that invests across a wide range of asset classes using multiple investment strategies.

“BNY Mellon Insight Broad Opportunities Fund features dynamic asset allocation to limit volatility over a market cycle, which is typically five years.  The fund’s sub-adviser, Pareto Investment Management Limited, is part of Insight, a leading global investment manager,” said Joseph Moran, head of distribution at Dreyfus. “The new fund is a unique alternative to equities that strengthens our existing active line-up of alternative strategies.”

Insight’s Matthew Merritt, Steve Waddington and Michael Ford are the fund’s primary portfolio managers. They will allocate the fund’s assets among a broad range of asset classes, including equities, fixed income, currencies, real estate, listed infrastructure and commodities, in both developed and emerging markets. In seeking to provide a minimum average annual total return of USD 1-Month LIBOR plus 4.5% over rolling five year periods, the portfolio managers select investment strategies and asset classes based on their view of macroeconomic themes at the time of investment.[1]

Insight’s Multi-Asset Strategy Group is comprised of ten investment professionals with an average of 17 years of industry experience in asset allocation, investment research, risk management and portfolio implementation.

“In combining directional and less directional strategies, BNY Mellon Insight Broad Opportunities Fund is designed to adapt to changing market conditions while providing investors with a portfolio that seeks to capture return and manage volatility,” said Matthew Merritt, Head of the Multi-Asset Strategy Group at Insight Investment. “Having long provided multi-asset solutions to some of the world’s most sophisticated institutional investors, we are pleased to be bringing our expertise and process to a broader universe of investors.”

“This is the second mutual fund sub-advised by a subsidiary of Insight to be launched in the U.S and signals our broader ambition to bring a range of strategies to the U.S. marketplace,” said Svein Floden, Head of Intermediary Distribution at Insight Investment. “It also demonstrates our ability to use complex and robust investment strategies into liquid and registered funds for US investors, a proposition which we believe helps us to stand out in this market.”

BNY Mellon’s Dreyfus Corporation serves as the investment manager of the fund, and MBSC Securities Corporation, a wholly owned subsidiary of Dreyfus, serves as the fund’s distributor. The fund is sub-advised by Pareto Investment Management Limited, an affiliate of Dreyfus and a wholly-owned subsidiary of Insight Investment Management Limited (“Insight” or “Insight Investment”), a BNY Mellon investment boutique with $741 billion under management globally[2].

The fund offers Class A (DIOAX), Class C (DIOCX), and Class I (DIOIX) shares with a minimum initial investment of $1,000. The fund also offers Class Y (DIOYX) shares generally with a minimum initial investment of $1,000,000.  Additional information regarding the fund can be found on Dreyfus’ website at www.dreyfus.com.

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