BNY Mellon Investment Management today announced the launch of the BNY Mellon Long-Term European Equity Fund. The Fund is sub-advised by Edinburgh-based Walter Scott & Partners Limited (Walter Scott), a wholly-owned subsidiary of BNY Mellon and global equity specialist with US$81.3 billion in assets under management.
The Fund seeks to combine Walter Scott’s proven 30-year institutional track record investing in European equities with the same philosophy and process of the highly regarded €1.4 billion BNY Mellon Long-Term Global Equity Fund.
The Fund aims to provide investors with a favorable long-term capital appreciation by investing in a high-conviction portfolio of quality companies located in Europe, including the UK, whilst taking environmental, social, and governance (“ESG”) factors into account. The Fund meets the requirements of Article 8 of the EU Sustainable Finance Disclosure Regulation.
The Fund is managed by Walter Scott’s highly experienced, 20-person investment team who invest with the intention to buy and hold stocks on a long-term investment horizon, aiming to exploit the power of compound growth. Driven by this ‘buy-and-hold’ approach to stock selection, the team debates extensively to ensure that only businesses that meet the stringent investment criteria and standards are added to the portfolio.
Walter Scott’s unconstrained, rigorous analysis is anchored by the firm’s in-house research team. Their extensive knowledge of diverse operating environments offers insights into the merits of leading European companies, and a worldwide perspective allows the team to identify long-term trends creating opportunities and threats for European firms.
“Investment markets continue to undergo structural changes and, now more than ever, this demands a critically discerning stock-picking approach to effectively identify quality growth companies. Our fundamental, in-house company analysis shows that Europe remains a hunting ground for quality companies, and through this strategy, we aim to provide investors exposure to the best stock stories that Europe has to offer.”Roy Leckie, Executive Director at Walter Scott.
“This Fund is an exciting addition to our offering available to intermediary and institutional investors in Europe. Powered by Walter Scott’s bottom-up and non-benchmark-led mentality, today’s launch is another example of how we are harnessing the specialist capabilities of our investment firms to deliver solutions that our clients need in today’s challenging landscape and reinforces our goal of becoming the most investor-relevant firm in the world.”Ralph Elder, Managing Director at BNY Mellon Investment Management for Iberia, LatAm and Offshore.
The Fund is part of the BNY Mellon Global Funds, plc (MGF) range for European investors, and is registered for sale in the United Kingdom and several European jurisdictions including Denmark, France, Germany, Italy, Spain, Sweden, Switzerland, and The Netherlands. More information about the Fund is available here.
Investment objective: Aim to achieve long-term capital appreciation through investing primarily in a portfolio of equity and equity-related securities of companies located in Europe (including the UK) while taking environmental, social, and governance (“ESG”) factors into account.
Benchmark: The Fund will measure its performance against the MSCI Europe NR Index (the “Benchmark”). The Fund is actively managed, which means the Investment Manager has absolute discretion to invest outside the Benchmark subject to the investment objective and policies disclosed in the Prospectus. While the Fund’s holdings may include constituents of the Benchmark, the selection of investments and their weightings in the portfolio are not influenced by the Benchmark. The investment strategy does not restrict the extent to which the Investment Manager may deviate from the Benchmark.