BNY Mellon Absolute Return fund hits first landmark

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...