BNY Mellon Asset Management has launched a Latin America Infrastructure fund through its subsidiary BNY Mellon ARX Investimentos, a Brazilian boutique.
The long-only equity fund was initially launched in August, but the group has now added a sterling share class and has begun marketing the portfolio to UK investors. The fund invests primarily in companies associated with infrastructure including capital goods, transportation, steel, telecommunications and energy, with particular focus on Brazil, Mexico, Chile and Peru. Manager Bruno Garcia runs the fund as a concentrated portfolio of between 35 and 50 stocks, with risk controls in place including limits on sector and company weightings. It aims to outperform the MSCI Latin America...
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