The clean share class will be offered for advised investments which are made through third party platforms.
Further, the share class, which will be available from September 2012, will be offered on all funds in the UK domiciled BNY Mellon Investment Funds range, which includes the Newton Asian Income, Newton Global Higher Income, Newton Higher Income, Newton Real Return and Newton Global Dynamic Bond Funds.
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The company has also stated that the value of investments and the income from them will not be guaranteed and that it can fall as well as rise due to stock market and currency movements.
BNY Mellon has also added that on selling the investment, the investor may get back less than the amount originally invested.
Currently, BNY Mellon Investment Management has US$1.3 trillion in assets under management.
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