BNY Mellon Investment Management has launched the BNY Mellon Absolute Insight fund, a UCITS product for European investors which mirrors the £692m Absolute Insight fund.
The product is an Irish-domiciled UCITS absolute return fund with daily liquidity managed by BNY Mellon subsidiary Insight Investment. The fund invests across a range of absolute return strategies, targeting a positive return with low correlation to equity markets. The BNY Mellon Absolute Insight fund, which aims to achieve positive returns on a rolling 12-month basis, launches with €90m of client seed money. The portfolio will mirror the holdings of the existing UK domiciled (non-UCITS) Absolute Insight fund as closely as possible. The fund will be offered with retail and insti...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
