BNY Mellon Investment Management has launched a US Equity Income fund, mirroring an existing $1bn strategy run for US investors, managed by John Bailer.
The Dublin-domiciled BNY Mellon US Equity Income fund, launched today, aims to deliver a high dividend yield and will focus on stocks that offer dividend growth, solid fundamentals and attractive valuations. It consists of between 30 and 60 US equities with broad sector exposure and has a yield target 50% greater than that of the S&P 500 index at any given time. The annual management charge for the fund is 0.75%. The fund is managed by an investment team at US-based active equity manager Boston Company Asset Management, majority owned by BNY Mellon, and will mirror the existing $1bn B...
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