BNY Investments launches a global aggregate fixed income fund
29 JUL, 2024
BNY Investments has announced the launch of the BNY Mellon Global Aggregate Bond Fund which will be managed by the Insight Investment management company.
The fund is launched with an initial capital of approximately 150 million dollars and aims to generate total return in the form of income and capital appreciation by investing in a portfolio mainly composed of government debt securities and investment grade credit from around the world.
Investment Strategy
The Insight's global aggregate fixed income strategy is jointly managed by the global credit, global interest rates, and macro analysis teams. These three teams are part of Insight's Fixed Income Group (FIG), composed of 166 investment professionals from around the world. The BNY Mellon Global Aggregate Bond Fund will be led by Adam Whiteley, Global Credit Director, and Harvey Bradley, senior portfolio manager, in coordination with portfolio manager, Nathaniel Hyde.
The fund is part of BNY Mellon Global Funds and is registered in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Singapore, Spain, Sweden, and the United Kingdom.
We are in an ideal moment for fixed income because yields are at levels we have not seen since before the global financial crisis. This new fund is managed in the same way as the global aggregate fixed income strategy launched by Insight in 2015, which has assets of 9.2 million euros.
Sasha Evers, Head of Europe ex UK at BNY Investments
Our approach focuses on selecting the best ideas from a set of global fixed income opportunities to build a truly diversified portfolio. Although we prioritize investment grade debt, we can invest in high yield and emerging fixed income. When building the portfolio, the team combines Insight's top-down macroeconomic analysis with bottom-up security selection to identify opportunities that offer attractive risk-adjusted returns regardless of market conditions.
Peter Bentley, co-head of fixed income at Insight
