BNY Mellon Investment Management today announced the launch of the BNY Mellon Mobility Innovation Fund – a thematic, long-only global equity fund will be available to retail, intermediary and institutional investors.
BNY Mellon is the world’s largest multi-boutique asset manager, with $1.8tn in assets under management.
The BNY Mellon Mobility Innovation Fund will be managed by an investment team led by Sean Fitzgibbon at The Boston Company, a division of BNY Mellon Asset Management North America, and will replicate the successful first iteration of the $3bn-strategy, which was launched in Asia at the start of the year. The firm has over 15 years’ expertise in thematic research and the investment team has an average 28 years’ investment experience.
The fund will invest across a broad spectrum of companies spanning multiple industries addressing the theme of mobility innovation. This includes the unprecedented software and data infrastructure capabilities required to support autonomous driving; advanced driver assistance systems (ADAS) for road safety, the rapid increase in demand for electric vehicles as a result of changing clean energy regulation, and the growing use of ride-sharing applications.
Hilary Lopez, head of European intermediary distribution at BNY Mellon Investment Management, said: “Mobility innovation will profoundly impact businesses, governments and consumers by materially altering interactions across the mobility landscape. Notable advancements in technology, coupled with increasing urban populations and environmental challenges, are all combining to create a transformational shift in the types of firms we can invest in today.
“Our approach to thematic investing is different. Since themes cut across market cap, sectors and geographies, expertly understanding the long-term investment opportunity through the lens of a Global Research platform comprised of tenured research analysts is critical.”
The fund will be available to investors in Denmark, France, Germany, Italy, Netherlands, Spain, Switzerland and the UK, as well as to accredited investors including private banks in Singapore and Hong Kong.