The BNY Mellon Absolute Return fund has hit the UK$100m mark within the first three months since launch.
A sub-fund of the BNY Mellon’s Dublin-domiciled UCITS III fund range, the fund is managed by Insight Investment. Paul Feeney, Head of International Distribution at BNY Mellon Asset Management, comments, "We anticipated a very positive response from the market to this new fund and we have not been disappointed. Absolute return funds are in strong demand this year as a result of equity markets remaining highly volatile and global economies continuing to deliver negative news. Our new offering is highly regarded by the industry as a result of it being a long short, pan-European investmen...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes