BNY Mellon Investment Management (IM) has launched BNY Mellon U.S. high yield beta fund, which will be available to institutional investors and wholesale clients in the UK and Europe.
The BNY Mellon U.S. high yield beta fund will be managed by Mellon Capital Management Corporation, an investment boutique by BNY Mellon IM. The fund will seek to overcome the challenges that high-yield bond strategies currently face in meeting their clients’ performance goals.
The fund implements a cost-effective investment approach that aims to generate returns comparable to those of Bloomberg Barclays U.S. Corporate High Yield Index. To this end, the market risk is maintained at a benchmark level, while the default risk is simultaneously carefully controlled.
“BNY Mellon U.S. high yield beta fund provides institutional investors and wholesale clients with a cost-effective investment solution in US high-yield bonds, at a stage where the search for returns remains a priority for investors”, said Matt Oomen, International sales manager to BNY Mellon IM.
“The market for high-yield bonds offers tangible investment opportunities. Our investment strategy provides investors with the opportunity to invest their capital in the US high-yield market in a cost-effective manner”, added Paul Benson, head of Bonds Portfolio Management at Mellon Capital Management Corporation.