BNY Mellon's Little: No plans for fund mergers

BNY Mellon Asset Management vice chairman Jon Little has reassured retail investors the group plans to keep its soon-to-be-acquired Insight business "separate and distinct" from its other affiliates.

While the group's existing Newton business is the more highly regarded in the equities space, Little says Insight brings an attractive product proposition in the fixed income arena, as well as in multi-manager - an area the BNY Mellon group as a whole is not renowned for. Little concedes there may be overlap in some funds run by Insight and Newton, such as in equity income, but he says it is too early to say if any mergers will take place, either from Insight to Newton or vice versa. "Where there may be overlap, there could be some scope (for rationalisation). But is nothing we are th...