BNY Mellon Investment Management (IM) has launched BNY Mellon Dynamic US Equity fund for UK and European intermediary and institutional clients.
The BNY Mellon Dynamic US Equity fund will be managed by Mellon Capital Management Corporation, an investment boutique of BNY Mellon IM. The fund employs a non-traditional, relative value approach that aims to outperform the S&P 500 by 2%-4% (gross of fees) on an annualised basis.
Matt Oomen, BNY Mellon IM’s head of Global Distribution, said: “The BNY Mellon Dynamic US Equity fund is a compelling proposition that we believe will help European clients solve two problems. Investors will have an alternative to passive in US large cap, one of the most efficient markets in the world. Many investors have been disappointed with active US large cap and are moving their US large cap assets to passive. This fund can give them exposure to US large cap and has the potential to generate excess returns.”
The BNY Mellon Dynamic U.S. Equity fund is registered for distribution in the UK, Germany, France, Italy, Spain, the Netherlands, Austria, Switzerland, Belgium, Denmark, Finland, Norway and Sweden.