October 19, 2012

BNY Mellon Emerging Markets Debt Fund Named Best in Category by Investment Europe

Standish-Managed Fund Noted for Consistently Outperforming Comparative Index and Achieving Lower Volatility

LONDON, 19 October, 2012 — The BNY Mellon Emerging Markets Debt Fund, managed by Standish Mellon Asset Management Company LLC, has been named the emerging markets debt fund of the year by Investment Europe, a leading financial publication based in London.

Standish is the Boston-based fixed income specialist for BNY Mellon.

In naming the BNY Mellon fund as the winner in the emerging markets debt category, the publication in October said the Standish team "has consistently outperformed the comparative index and achieved lower volatility than many of its peers."

The BNY Mellon Emerging Markets Debt Fund focuses on U.S. dollar-denominated emerging market bonds issued by sovereign, quasi-sovereign, corporate, and supranational entities. It selects the most attractive bonds from a risk-adjusted standpoint. The fund draws on the resources of the dedicated emerging markets debt team, with investment capabilities in Boston, London, and Singapore. The team manages nearly $13 billion in emerging markets debt.

The fund is not available to U.S. investors.

"The rigorous quantitative and qualitative processes that were implemented in the selection process make the Investment Europe award particularly prestigious," said Alexander V. Kozhemiakin, managing director and head of the emerging markets team at Standish.

The quantitative screening, which narrowed the list of funds to eight finalists for each category, incorporated data from three leading providers to evaluate the cumulative returns of the funds under consideration for the three-year period that ended May 31, 2012, according to Investment Europe.

The finalists were then reviewed by a panel of 10 distinguished industry experts from across Europe, as well as editors from Investment Europe and affiliated operations, the publication said.

Desmond Mac Intyre, chairman and chief executive officer of Standish said, "We are proud that our emerging markets team has delivered impressive results in a challenging environment."

"We are delighted by the performance of the Standish team," said PeterPaul Pardi, global head of distribution for BNY Mellon Investment Management. "Their results are highly valued by our clients."

Standish Mellon Asset Management Company LLC, with approximately $97.5 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit (investment-grade and high-yield), emerging markets debt (dollar-denominated and local currency), core / core plus and opportunistic (U.S. and global) strategies. Standish also offers full service capabilities in insurance and liability driven investing. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.3 trillion in assets under management. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.

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