BNY Mellon has launched an emerging markets corporate debt fund, to be managed by its subsidiary, Insight Investment Management.
“We believe that this warrants and permits a dedicated investment vehicle. The structural shift currently underway in emerging consumer spending patterns creates an attractive investment opportunity, and we believe the structure and return profile of corporate bonds are the best part of the capital structure to capture this improvement,” McDonagh said.
The Fund is currently available for distribution in the UK and Republic of Ireland. BNY Mellon Asset Management, subject to regulatory approvals, is aiming to have the Fund registered for distribution across Europe.