BNY launches unconstrained global bond

BNY Mellon Asset Management has confirmed it will launch an unconstrained global fixed income fund into the UK market on 9 April 2009.

It will be managed by David Leduc, director of global fixed income, and Thomas Fahey, senior portfolio manager on Standish's global fixed income team. The vehicle's aim will be to maximise total returns from a combination of income and capital growth with a globally diversified multi-sector fixed income portfolio. Employing an active approach to portfolio management across the investment cycle with an estimated yield of 5.3% net at launch, the fund will seek to outperform the Barclays Capital Global Aggregate Bond Index, hedged to GBP, by 1% per annum net of fees over a rolling five y...