BNY Mellon Investment Management has launched Boston Company Global Infrastructure Income fund for investors in UK.
The Boston Company Global Infrastructure Income fund is managed by Jim Lydotes and Brock Campbell at The Boston Company, a brand of BNY Mellon Asset Management North America, and will mirror the investment team’s successful US$1.5bn global infrastructure dividend focus equity strategy available in the United States. Since inception in 2011, the strategy has consistently generated a portfolio yield of around 6% per annum.
It aims to maximise total returns from income and capital growth by investing in a concentrated portfolio of 20 to 40 traditional and non-traditional listed infrastructure companies globally.
It seeks to gain exposure to a wide universe of infrastructure opportunities which the investment manager believes are poised to benefit from economic, social and environmental demands. This includes traditional infrastructure sectors such as transport, energy and utilities as well as non-traditional communication and social sectors such as satellites, hospitals and senior care homes.
Fergus McCarthy, head of UK and Ireland intermediary distribution at BNY Mellon Investment Management commented: “This fund is a concentrated, high-conviction global equity portfolio that aims to deliver a high yield with significantly less volatility and lower drawdown. Given The Boston Company’s expertise in thematic investing, as well as the existing strategy’s strong seven year track record, Jim and the investment team are extremely well placed to manage it.”