BNY Mellon Investment Management has launched the BNY Mellon Mobility Innovation fund, a thematic mandate replicating a $3bn strategy running in Asia.
Managed by Sean Fitzgibbon and his team at The Boston Company, part of BNY Mellon Asset Management North America, the long-only global equity fund will target long-term capital growth by investing in companies disrupting the mobility sector. This includes companies across the market-cap spectrum in areas such as software and data, infrastructure, electric vehicles and ride-sharing applications. A similar fund was launched at the start of the year for the Asian market, which is now $3bn in size. Fitzgibbon is lead portfolio manager for the firm's thematic active equity solutions s...
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