BNY Mellon Insight Broad Opportunities Fund offers investors access to institutional style investment strategies and global investment opportunities
NEW YORK, Nov. 30, 2017 /PRNewswire/ -- 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 globally2.
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.
As part of BNY Mellon Investment Management, Dreyfus is an asset management company that provides individuals, financial advisors, and institutional clients with investment solutions in the U.S. The firm accesses a broad range of investment solutions from BNY Mellon's global network of world-class investment managers, which includes asset classes spanning global, international and domestic equity, fixed income, alternatives, retirement and cash management strategies. Dreyfus offers 150 mutual funds with AUM of $320 billion across long only and money market strategies as of September 30, 2017. The firm originated in 1951 as one of the first mutual fund investment companies.
Insight Investment is an asset management organization focused on designing investment solutions to meet its clients' needs. Founded in 2002, Insight's collaborative approach has strived to deliver both investment performance and growth in assets under management. Insight managed £552bn ($741bn) as at 30 September 2017 across liability-driven investment, fixed income & currency, global multi-asset and absolute return, global farmland and specialist equities2.
About BNY Mellon Investment Management
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.8 trillion in assets under management as of September 30, 2017. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon Investment Management is a division of BNY Mellon, which has $32.2 trillion in assets under custody and/or administration as of September 30, 2017. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Investors interested in the fund should consider the investment objective, risks, charges and expenses of the fund carefully before investing. To obtain a prospectus that contains this and other information about the fund, investors should contact their financial representatives or visit Dreyfus.com. Read the prospectus carefully before investing.
Absolute return portfolios may not fully participate in strong positive market rallies. Asset allocation cannot assure a profit or protect against loss. Equities are subject to market, market sector, market liquidity, issuer, and investment style risks to varying degrees. Bonds are subject to interest rate, credit, liquidity, call and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines. Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries. Commodities contain heightened risk including market, political, regulatory, and natural conditions, and may not be suitable for all investors. Derivatives and commodity-linked derivatives involve risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value and there is the risk that changes in the value of a derivative held by the portfolio will not correlate with the underlying instruments or the portfolio's other investments. Commodity-linked derivative instruments may involve additional costs and risks such as commodity index volatility or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments.
The Dreyfus Corporation, Insight, and MBSC Securities Corporation are affiliated with The Bank of New York Mellon Corporation. ©2017 MBSC Securities Corporation, distributor, 225 Liberty Street, 19th Fl., New York, NY 10281.
SOURCE BNY Mellon Investment Management
1 There is no assurance, however, that the fund will be able to provide such returns or positive returns, and an investor may lose money by investing in the fund.
2 As at 30 September 2017. Assets under management (AUM) are represented by the value of cash securities and other economic exposure managed for clients. Figures shown in USD. FX rates as per WM Reuters 4pm spot rates. Reflects the AUM of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Pareto Investment Management Limited (PIML), Cutwater Asset Management Corp. (CAMC), Cutwater Investor Services Corp. (CISC) and Insight North America LLC (INA), each of which provides asset management services.