BNY Mellon Investment Management has rolled out a Ucits-compliant Dynamic Total Return fund, aimed at European investors.
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The new $1bn (£650m) fund forms part of the firm’s multi-asset range, and was earlier confined to US investors.
It is now available to investors in Germany, France, Italy, Switzerland, Spain, Portugal, Denmark and the Netherlands.
The fund will follow a strategy similar to its US vehicle in order to keep pace with global equity markets.
The portfolio will primarily use futures to get exposure to global equity and bond markets, as well as invest in specialist asset classes including currencies, commodities and inflation-protected securities.
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By GlobalDataThe new fund, having an annual management fee of 0.75%, will be managed by Vassilis Dagioglu.
Dagioglu, who has also managed the US counterpart of the fund, is in the multi-asset team at Mellon Capital Management, BNY Mellon’s investment boutique.
