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BNY Mellon to offer emerging market debt local currency and Brazil funds

BNY Mellon Asset Management is to launching its £2.4bn emerging markets debt local currency fund and £245m Brazil equity fund into the UK retail market in February.

The Dublin-based funds are being added to the major platforms with February 8 targeted as the launch date.

The four-year old BNY Mellon emerging markets debt local currency is managed by Alexander Kozhemiakin of Standish Mellon Asset Management, BNY’s Boston-based bond and absolute return specialist boutique.

The fund, available in dollar and euro demoninated share classes, will buy bonds in emerging markets dominated in the nations’ local currencies where most emerging bond funds only buy dollar-denominated securities.

It carries a 1 per cent annual management charge.

In November last year BNY Mellon rolled out another Standish fund, the evolution global strategic bond fund, to the UK retail market.

The three-year old BNY Mellon Brazil equity fund is managed by Rogerio Pope of BNY Mellon ARX and also carries a 1 per cent annual charge.

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