BNY Mellon renames Insight Strategic Bond fund and cuts AMC

Approaching three-year anniversary

BNY Mellon has rebranded the Insight Strategic Bond fund and reduced the annual management charge to 0.5%.

The £13.4m vehicle, a sub-fund in the BNY Mellon Investment Funds range, has been renamed the Insight Global Select Bond fund.  Meanwhile, the AMC on the fund's wholesale share class has been reduced from 0.625% to 0.5%. The group has also changed the way charges are applied in order to make the full yield available to investors. Transaction charges generated by the fund had previously been taken from capital, while the AMC and all other fees and expenses were taken from income. Following the changes, the AMC and all fees and expenses are now charged to capital. Run by Adam Mossako...