BNY Mellon subsidiary launches sustainable fund

BNY Mellon Investment Management has launched a sustainable global equity fund to be managed by subsidiary Newton Investment Management.

Part of the firm’s BNY Investment Funds UK-domiciled range, this latest addition will be actively-managed in accordance with Newton’s sustainability criteria.

According to BNY Mellon, the fund will typically hold fewer than 70 stocks and will invest in international firms with sustainable business practices and which have no unresolvable environmental, social and governance (ESG) issues.

It may, however, include companies with low ESG scores if there is the prospect that they can be improved through engagement.

The BNY Mellon Sustainable Global Equity Income Fund will be managed by Nick Clay, leader of Newton’s equity income, as well as Rob Stewart, head of responsible and charity investment.

Newton Investment Management’s fifth sustainable fund to be launched for UK investors.

“The return of volatility in markets is creating opportunities for actively managed income strategies, and it is our belief that increased volatility is here to stay through the latter part of the investment cycle,” Clay said.

As of June 30, Newton Investment Management managed £3.1 billion (€3.44 billion) of assets.

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST