BNY Mellon IM brings US large cap fund to UK market

UCITS version of fund available to US investors

BNY Mellon Investment Management boutique Mellon Capital has expanded its Dynamic US equity fund, a strategy with a 28 year track record, into the UK and Europe.

The BNY Mellon Dynamic US Equity strategy, which has been managed for US clients by Mellon Capital since 1989, utilises a relative value approach that aims to outperform the S&P 500 by 2%-4% gross of fees on an annualised basis. JPMAM expands SICAV range with hedged USequity fund Head of global distribution at BNY Mellon IM Matt Oomen said the UCITS fund will give European investors an "alternative to passive in US large cap, one of the most efficient markets in the world". He said: "Many investors have been disappointed with active US large cap and are moving their US large cap as...