BNY Mellon unveils EMD fund for Insight's McDonagh

BNY Mellon has launched an Emerging Markets Corporate Debt fund to tap into what it sees as the next major structural development in emerging market investing.

The fund consists of a portfolio of best ideas across both US Dollar and local currency-denominated emerging market debt, and will be managed by its Insight Investment subsidiary. The offering, launched on 31 January, sits alongside BNY Mellon's existing Emerging Markets Debt Local Currency fund. It is the second fund in the group's range to be managed by Insight following the January 2011 launch of the BNY Mellon Absolute Return Equity fund. Seeking to generate a total return via corporate debt and related derivatives from emerging market issuers across the globe, Insight's credit te...