BNY Mellon Investment Management (IM) has launched sustainable global dynamic bond fund.
Newton Investment Management (Newton IM is appointed to manage the fund. The sustainable fund is part of the Dublin-domiciled BNY Mellon Global funds range.
The sustainable global dynamic bond fund is an actively managed, unconstrained dynamic global fixed income portfolio that exclusively invests in holdings that adhere to Newton IM's sustainability criteria. It will measure its performance against cash (1-month EURIBOR) + 2% per annum over five years before fees. It is managed by Paul Brain, Scott Freedman, Martin Chambers, Trevor Holder and Carl Shepherd.
The fund is the fourth to be launched in Newton IM's sustainable range. It follows the recent launches of the Newton sustainable global equity fund, Newton sustainable real return fund and Newton sustainable sterling bond fund under the UK-domiciled BNY Mellon Investment funds umbrella fund.
It will seek to deliver positive returns over a typical market cycle, and will follow Newton IM's global thematic approach in seeking to identify areas of potential investment opportunity and risk. It will invest in a broad range of fixed income asset classes, including government bonds, investment-grade corporate bonds, high yield corporate bonds, and emerging-market sovereign debt.
All holdings in the fund are selected in accordance with Newton IM's proprietary sustainable investment process.