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BNY Mellon Asset Management – BNY Mellon Emerging Markets Debt Local Currency Fund

BNY Mellon Asset Management – BNY Mellon Emerging Markets Debt Local Currency Fund

Type: Offshore Oeic

Aim: Growth by investing in local currency denominated emerging market bonds

Minimum investment: Lump sum £5,000 for A shares, £1,000 for  sterling hedged J shares

Investment split: 100% in local currency denominated emerging market bonds

Place of registration: Dublin

Charges: Initial 5%, annual 1.5% for A shares, 1.25% for sterling hedged J shares

Commission: Initial up to 3%, renewal 0.5%

Tel: 0500 660000


CML director general Michael Coogan to stand down

Council of Mortgage Lenders director general Michael Coogan is stepping down from his role in August. Coogan has been director general of the CML since December 1996, when the organisation became independent from the Building Societies Association. He was previously head of the legal and policy department of the combined BSA and CML, having originally […]

Woodford: It is dangerous to play the China story

Invesco Perpetual income manager Neil Woodford believes investors in Chinese commodity and mining markets are due “a dose of realism”. In an interview with Money Marketing at the Fund Strategy Investment Summit in Kitzbühel, Woodford said he has concerns over overheating and a bubble forming in the Chinese economy. He said: “We are already seeing […]

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The bull in bullion

The price of gold has fallen by about 10 per cent since setting new highs around Christmas. Some commentators are conv-inced we are witnessing the start of a sustained downtrend but I do not see how circumstances have changed. Given the run up in gold, it was always likely to enter a period of profit […]


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