BNY Mellon Investment Management has expanded its sustainable offering with the launch of an absolute return global bond fund under the management of boutique Newton Investment Management, Investment Week can reveal.
The BNY Mellon Sustainable Global Dynamic Bond fund is the fifth UK-domiciled sustainable fund under Newton, and is managed as a sustainable equivalent of the existing Global Dynamic Bond strategy. Newton's Clay on not doing 'what it says on the tin' Its £2.2bn AUM equivalent without the sustainability focus has returned 5.2%, 6.2% and 8% over one, three and five years respectively, according to FE fundinfo. The IA Targeted Absolute Return sector has returned 3.9%, 4.9% and 7.7% over the same time period respectively. A sterling version of the euro-denominated namesake in the firm'...
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