BNY Mellon launches sustainable bond fund

BNY Mellon Investment Management has launched the latest fund in its sustainable suite of products domiciled in the UK.

The BNY Mellon Sustainable Global Dynamic Bond Fund is managed by Newton Investment Management and aims to invest in sustainable sovereign bonds and “attractive companies with sustainable business practices and no material unresolvable ESG issues”.

Previous fund launches in the range have included a global equity and sterling bond fund.

Paul Brain, Trevor Holder, Carl Shepherd, Scott Freedman and Martin Chambers are the fund managers and will measure performance against one-month Libor+ 2% per annum over five years before fees. In doing so, it seeks to achieve a positive return on a rolling three-year basis.

The fund is a sustainable version of Newton’s existing Global Dynamic Bond strategy and is the sterling version of the euro-denominated BNY Mellon Sustainable Global Dynamic Bond Fund domiciled in Dublin.

Paul Brain, head of fixed income at Newton Investment Management – which is owned by BNY Mellon – said: “Sustainability has been on the rise in the fixed income space over the past five years. We believe sustainable bonds can provide investors with the opportunity to direct their fixed-income investments towards a range of positive impacts.”

© 2020 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