Two of BNY Mellon's Dreyfus Funds Named "Best-in-Class" in their Category for Select Time Periods
NEW YORK, March 18, 2013 — The Dreyfus Corporation*, part of BNY Mellon Investment Management, today announced that two Dreyfus funds were named the best funds in their categories for stated time periods at the 2013 Lipper Fund Awards.
|Fund*||Lipper Classification||Winner (Time Period)**|
|Dreyfus Global Equity Income Fund, Class I
|Global Equity Income Fund
(out of 47 funds)
|Dreyfus International Bond Fund, Class I
|International Income Funds
(out of 63 funds)
"Lipper's recognition of these best-in-class funds underscores the expertise of Newton and Standish investment professionals that respectively manage each fund," said Dreyfus President Charles Cardona. "Due to its 'global' approach to researching and selecting dividend paying stocks, Dreyfus Global Equity Income Fund has been able to capture favorable income yielding opportunities among stocks worldwide and reward investors with highly competitive total returns over the last three years. The Dreyfus International Bond Fund strives to provide consistent returns in various market environments through an emphasis on sector rotation, broad market exposure and active currency management, as well as vigorous risk management," Cardona continued.
"Dreyfus provides unique access to 16 world-class asset managers, including our Newton and Standish affiliates, making institutional investment expertise available to retail investors," Cardona concluded. "These Lipper awards help demonstrate that excellent investment performance is BNY Mellon Investment Management's number one priority."
Past performance is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Go to dreyfus.com for a fund's latest month-end returns.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. Contact your advisor to obtain a prospectus that contains this and other information about the funds. Read it carefully before investing. Other share classes will have achieved different results. Class I shares are only available to eligible investors.
Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees.
Bond funds are subject generally to interest rate, credit, liquidity and market risks, to varying degrees, all of which are more fully described in the fund's prospectus. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes, and rate increases can produce price declines.
Investing internationally involves special risks, including changes in currency exchange rates, political and economic instability, less market liquidity, lack of comprehensive company information, and differing auditing and legal standards. Emerging markets tend to be more volatile than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries.
Investments in foreign currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of hedged positions, that the U.S. dollar will decline relative to the currency being hedged. Each of these risks could increase the fund's volatility.
** Source: Lipper, a Thomson Reuters company. Based on period ended November 30, 2012. Lipper Fund Awards recognize funds that have excelled in delivering consistently strong risk-adjusted performance, relative to their peers, for the 3-, 5- and 10-year periods, as determined by having achieved the highest Lipper Leader for Consistent Return value within each eligible classification over an individual time period. Lipper Fund Awards and Lipper Leaders for Consistent Return may be the best fit for investors who value a fund's year-to-year consistency relative to other funds in a particular peer group. Investors are cautioned that some peer groups are inherently more volatile than others, and even Lipper Leaders for Consistent Return in the most volatile groups may not be well suited to shorter-term goals or less risk-tolerant investors. For a detailed explanation, please review the Lipper Fund Award and Lipper Leaders methodology documents on www.lipperweb.com.
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact email@example.com or visit excellence.thomsonreuters.com
*The Dreyfus Corporation is a subsidiary of BNY Mellon and investment adviser to the Dreyfus Global Equity Income Fund and the Dreyfus International Bond Fund. Dreyfus has engaged Newton, a Dreyfus affiliate, to serve as sub-adviser to manage Dreyfus Global Equity Income Fund and manage its investment portfolio on a daily basis.
Portfolio managers from Standish Mellon Asset Management Company LLC, a Dreyfus affiliate, manage Dreyfus International Bond Fund pursuant to a dual-employee relationship with Dreyfus, applying Standish's proprietary investment process to the fund.
The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading asset management and distribution companies, currently managing more than $260 billion in mutual funds and separately managed accounts. MBSC Securities Corporation, distributor.
Newton is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon. With assets under management of more than £52 billion* including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk or follow us on Twitter @NewtonIM. *As at 31 January 2013
Standish Mellon Asset Management Company LLC, with approximately $167 billion as of January 1, 2013 (all other BNY Mellon AUM numbers are as of December 31, 2012) of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit, emerging markets debt (dollar-denominated and local currency), core / core plus, tax–sensitive, short duration, stable value and opportunistic (U.S. and global) strategies. Standish also offers full service capabilities in insurance client strategies and liability driven investing. The firm includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon and Alcentra NY, LLC personnel acting as dual officers of Standish.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 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 investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. 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, or follow us on Twitter @BNYMellon.
All information source BNY Mellon as of December 31, 2012. This press release is qualified for issuance in the US only 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 authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. A BNY Mellon Company.