Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

BNY Mellon launches opportunistic US All-Cap fund

BNY Mellon launches opportunistic US All-Cap fund

BNY Mellon has launched the US Opportunities fund, investing in small, mid and large-cap US stocks with the aim of beating the S&P 500 index by 300 to 500 basis points.

The Dublin-domiciled fund will be run by BNY Mellon subsidiary Boston Company Asset Management, a research-driven active equity investment boutique, and managed by David Daglio.

The fund aims to drive combine bottom-up selection and top-down approaches, holding 40-60 stocks at any time. It is based on the existing US All Cap Opportunistic Equity strategy, which has outperformed its comparative index since inception in January 2012

'Against a backdrop of improving economic growth and inflation stability in the US, we received requests for a US equity product which offers access to the world’s largest and most sophisticated equity market,' said Matt Oomen, head of EMEA intermediary distribution at BNY Mellon Investment Management.

'We believe that attractive investment opportunities exist in all areas of the US market, but disciplined and specialised asset class research is critical for consistent investment success,' added Daglio.

'In our view the most attractive investment opportunities are currently represented by companies priced at a discount to their intrinsic value whose strong longer-term fundamental prospects are not yet recognised in the market place'.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: from Batman Live to commodity beta

Profile: from Batman Live to commodity beta

Charteris may be a family affair, but the company is not at any risk of turning sentimental

Wealth Manager on Twitter