BNY Mellon IM launches multi-asset moderate fund for Paul Flood

BNY Mellon Multi-Asset Moderate

BNY Mellon Investment Management has launched a new multi-asset moderate fund, managed by Newton Investment Management's Paul Flood.

The BNY Mellon Multi-Asset Moderate fund aims to complement the group's existing range, delivering capital growth with the potential for income over the long term. Market confidence rebounds in Q2 as manager performance remains mixed It will be managed by Flood, head of mixed assets at Newton IM, with support from portfolio managers Bhavin Shah and Janice Kim. The fund is unconstrained and has a minimum exposure of 30% in fixed income and or cash investments, aligning it with the Investment Association's Mixed Investment 20-60% sector benchmark. "With higher levels of volati...