BNY Mellon IM launches US high yield beta fund

Available to UK and European institutional and intermediary clients

BNY Mellon Investment Management has launched a US high yield beta fund, targeting similar returns to the Bloomberg Barclays US Corporate High Yield Index over a full market cycle.

The fund, which will be managed by BNY boutique Mellon Capital Management Corporation, will be available to UK and European institutional and intermediary clients. Focus on risk balancing, not picking the winner Head of international distribution at BNY Mellon IM, Matt Oomen said the fund will aim to overcome the performance difficulties associated with high yield bond funds in recent times. He said: "The BNY Mellon US High Yield Beta fund offers institutional and intermediary investors a cost effective solution to gaining exposure to US high yield bonds at a time when the search f...