BNY Mellon delists offshore EM Core fund as majority shareholder withdraws

Removed from trading

BNY Mellon has delisted its Emerging Markets Equity Core fund from the Irish Stock Exchange after a majority shareholder withdrew their holding.

The $86.5m fund was removed from the official list and from trading with effect from 8 October. A spokesperson for BNY Mellon said: "We can confirm that we are closing the BNY Mellon Emerging Markets Equity Core fund, a sub-fund of BNY Mellon Global Funds, due to the majority institutional shareholder redeeming their holding." Ex-Barclays director joins BNY Mellon Wealth Management The Ireland-domiciled UCITS fund was launched in September 2012 and registered for sale in the UK, as well as across much of Europe. In the last three years it lost investors 16.4%, compared to the MS...