Cost and performance issues top concern in seven BNY Mellon amber-rated funds
Action to be taken by February 2021
The firm found seven funds merit "further action"
BNY Mellon Investment Management has marked seven of its funds for ongoing reviews into performance and fees, with the amber-rated funds given until February 2021 to shape up.
Of the 40 funds in the BNY Mellon Investment Funds range, seven received an amber rating, while another seven were excluded from being rated due to insufficient track record, leaving the remaining 26 funds...
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