Announcing Details of New Share Class
LONDON, 13 August 2012 — BNY Mellon, the global leader in investment management and investment servicing, announced details on its new fully unbundled share class for UK investors ahead of the UK investment management industry’s Retail Distribution Review (RDR).
The company is launching a clean share class for ‘advised’ investments which are made through third party platforms. This share class, which is available from September 2012, will be offered on all funds in the UK domiciled BNY Mellon Investment Funds range, which includes the Newton Asian Income, Newton Global Higher Income, Newton Higher Income, Newton Real Return and Newton Global Dynamic Bond Funds.
Scott Goodsir, managing director, head of UK wholesale, comments: “By making this new share class available ahead of the RDR deadline, we are aiming to support the early transition to the new charging arrangements.”
The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested.
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.
Unless otherwise stated, all other information source BNY Mellon Asset Management Limited as at 30 June 2012. The Newton Asian Income Fund, Newton Global Higher Income Fund, Newton Higher Income Fund, Newton Real Return Fund and Newton Global Dynamic Bond Fund are sub-funds of BNY Mellon Investment Funds, an investment company with variable capital (ICVC) incorporated in England and Wales under registered number IC27 and authorised by the Financial Services Authority. BNY Mellon Fund Managers Limited (BNY MFM) is the Authorised Corporate Director. BNY Mellon Fund Managers Limited, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No. 1998251. Authorised and regulated by the Financial Services Authority. The investment adviser of the Newton sub-funds is Newton Investment Management Limited. A more detailed list of all risks applicable to the Newton Funds is set out in the Funds’ Prospectus. This press release is qualified for issuance in the UK and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management International Limited (ex-US/Canada) to members of the financial press and media and the information contained herein should not be construed as investment advice. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority. A BNY Mellon Company(SM)