BNY Mellon Investment Management has launched a global multi-asset fund that mainly targets income generation.
Dubbed Dreyfus Global Multi-Asset Income Fund, the new strategy invests in equity and equity-related securities, debt and debt-related securities, and also real estate, commodities and infrastructure in developed and emerging markets.
The firm said that the fund’s investments across various asset classes aims to build a diversified portfolio focussed on income generation and at the same time, maintain long-term capital appreciation.
Dreyfus, a unit of BNY Mellon, is the investment adviser of the new vehicle, while Newton Investment Management (North America) is its sub-investment adviser. Paul Flood and Bhavin Shah will serve as the fund’s primary portfolio managers.
“We see Dreyfus Global Multi-Asset Income Fund, which aims to provide current income while maintaining the potential for long-term capital appreciation, as an opportunity that can provide for both needs. The Fund draws upon Newton’s strong heritage of managing multi-asset portfolios, deep experience across global markets and rigorous fundamental analysis to unearth our highest-conviction ideas for investors,” Flood stated.