BNY Mellon's subsidiary Insight Investment has launched a UCITS IV version of its institutional absolute return bond fund, while fixed income subsidiary Standish Investment Management will bring an EM debt fund to the retail market in June.
The BNY Mellon Absolute Return Bond fund, was launched in March for Insight's head of UK and global credit Peter Bentley. The product is a mirror version of the firm's existing institutional offering. Asset allocation in the fund is divided between government bonds (4%), investment grade corporates (8%), high yield corporates (11%), asset backed securities (28%), emerging market debt (9%) and cash and money market instruments (40%). In today's economic environment, where liquidity has diminished and safe haven government bond markets are no longer attractive, the need for investors...
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