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BNY in emerging market debt deal for UK investors

Paul Feeney
Feeney: ’More secure investment’

BNY Mellon plans to bring Braz-ilian, emerging market debt and global real estate funds to UK investors.

Head of international distribution Paul Feeney says: “Emerging market debt has been seen as a peripheral asset class but that is changing. Developing countries issuing debt in local currencies has been seen as a risk but it is a more secure investment.

“We have an emerging market debt fund in our Dublin range which we want to make available to British investors. We are also looking to bring our global real estate fund to onshore clients.”

BNY Mellon is also poised to add a sterling share class to a Brazil fund despite capital controls in Brazilian markets and a soaring local currency.

HSBC Global Asset Management last week said it would adjust net asset value per share by up to 7 per cent in its Brazil funds to guard against financial transaction taxes in Brazil.

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