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BNY Mellon unveils 30-stock fund in double Japan launch
by Eleanor Lawrie on Feb 03, 2014 at 13:54
Meanwhile, the BNY Mellon Japan Small Cap Equity Focus fund will hold 20–30 stocks of less than 500 billion yen with expected turnover of around 30%–60% per year.
The funds can invest in Reits, cash, money market funds and equity index futures for cash management purposes and invest up to 10% of their net assets in recently issued company shares not listed or traded on recognised exchanges within a year.
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