BNY Mellon Asset Management has launched its Universal Euro Sovereign fund to UK retail investors. ...
BNY Mellon Asset Management has launched its Universal Euro Sovereign fund to UK retail investors. The Dublin-domiciled fund aims to provide investors with a high level of current income in euro terms and will invest in transferable securities denominated in euros. The assets the fund will look to invest in will include commercial paper, floating rate notes, government treasuries and time deposits. All issues will be guaranteed by the European Monetary Union governments or their agencies and will be triple-A rated with daily liquidity. "We are excited to be launching a new fund that i...
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