BNY Mellon has streamlined its funds range by realigning its equity and bond units.
The £291.6 million Newton Overseas Equity fund was merged into the £1.66 billion Newton Global Equity fund and the £45.9 million BNY Mellon Global Strategic Bond fund into the £11.6 million Insight Strategic Bond fund.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
According to Fundweb, Adam Mossakowski, the current manager of the Insight Strategic bond, will continue to manage the merged fund, while Jeff Munroe will manage the Newton Global Equity fund.
In addition, Terry Coles, who managed the Overseas Equity fiund, will continue in a management role within the new set-up.
Fundweb quoted a statement given by BNY to shareholders, saying: "By merging fund we believe investors will benefit from the potential economies of scale applicable to being invested in a larger overall fund."
Both mergers are subject to FCA and shareholder approval.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
