BNY Mellon IM launches mobility innovation fund

BNY Mellon Investment Management has launched BNY Mellon Mobility Innovation fund. The thematic, long-only global equity fund will be available to retail, intermediary and institutional investors.

It will be managed by an investment team led by Sean Fitzgibbon at The Boston Company, a brand of BNY Mellon Asset Management North America, and will replicate the successful first iteration of the US$3bn strategy, which was launched in Asia at the start of the year. The firm has over 15 years’ expertise in thematic research and the investment team has an average 28 years’ investment experience.

The fund aims to achieve long-term capital growth by investing in companies across the market cap spectrum that are disrupting and transformational. It will invest across a broad spectrum of companies spanning multiple industries addressing the theme of mobility innovation. This includes the unprecedented software and data infrastructure capabilities required to support autonomous driving; advanced driver assistance systems (ADAS) for road safety; the rapid increase in demand for electric vehicles as a result of changing clean energy regulation; and the growing use of ride sharing applications.

It will be available to investors in Denmark, France, Germany, Italy, Netherlands, Spain, Switzerland and the United Kingdom, as well as to accredited investors including private banks in Singapore and Hong Kong.

Ridhima Sharma
Ridhima Sharma speaks German and is DACH Correspondent for InvestmentEurope. She has more than 8 years of experience in the media industry. Before joining us, she was working in India and covering automotive and lifestyle sectors. Over the years many of her stories have been published in various magazines across India.

Read more from Ridhima Sharma

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