BNY Mellon Investment Management has launched BNY Mellon Insight Broad Opportunities Fund, a multi-asset fund that invests across a wide range of asset classes using multiple investment strategies.
BNY Mellon’s Dreyfus Corporation serves as the investment manager of the fund, and MBSC Securities Corporation, a wholly owned subsidiary of Dreyfus, serves as the fund’s distributor.
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By GlobalDataThe fund is sub-advised by Pareto Investment Management Limited, an affiliate of Dreyfus and a wholly-owned subsidiary of Insight Investment Management.
Insight Investment is a BNY Mellon investment boutique with $741bn under management globally.
Insight’s Matthew Merritt, Steve Waddington and Michael Ford are the fund’s primary portfolio managers.
They will allocate the fund’s assets among a broad range of asset classes, including equities, fixed income, currencies, real estate, listed infrastructure and commodities, in both developed and emerging markets.
In seeking to provide a minimum average annual total return of USD 1-Month LIBOR plus 4.5% over rolling five year periods, the portfolio managers select investment strategies and asset classes based on their view of macroeconomic themes at the time of investment.
Merritt said:”In combining directional and less directional strategies, BNY Mellon Insight Broad Opportunities Fund is designed to adapt to changing market conditions while providing investors with a portfolio that seeks to capture return and manage volatility.”
The fund offers Class A (DIOAX), Class C (DIOCX), and Class I (DIOIX) shares with a minimum initial investment of $1,000. The fund also offers Class Y (DIOYX) shares generally with a minimum initial investment of $1,000,000.