Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter