This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

BNY Mellon launches emerging market corporate debt fund

  • Print
  • Comment

BNY Mellon has launched the BNY Mellon Emerging Markets Corporate Debt fund to be managed by Insight Investment.

The fund will be managed by the Insight emerging market debt team headed by Colm McDonagh.

BNY Mellon Asset Management International chief executive officer Alan Mearns says: “We believe that the emerging market corporate debt asset class is the next significant ‘structural’ component within the emerging market universe.

“The addition of this fund to our range to sit alongside the highly regarded BNY Mellon emerging markets debt local currency fund underlines our commitment to being a leader in providing emerging market debt products in Europe.”

According to BNY Mellon, the fund “will aim to generate a total return comprised of income and capital growth” through investment in corporate debt and deriviatives from emerging markets issuers.

The fund is to consist of a “globally diversified ‘best ideas’ portfolio seeking to invest in the most compelling risk-adjusted opportunities, irrespective of benchmark weighting, from both US dollar and local currency issuers”.

Minimum investment in the Dublin-domiciled Ucits fund is £5,000, it carries a 1.25 per cent annual management charge and an initial charge of up to 5 per cent.


  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Second Opinion

sponsored by Bright Grey

Fund Data

Editor's Pick


Will more providers shun pensions guidance over fears of straying into advice?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments