BNY Mellon Investment Management has launched the Long-Term European Equity Fund.
The strategy will be sub-advised by its Edinburgh-based subsidiary Walter Scott, which also sub-advises the BNY Mellon Long-Term Global Equity Fund.
It aims to provide investors with long-term capital appreciation by investing in a high-conviction portfolio of quality companies in Europe, including the UK.
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The strategy meets the requirements of Article 8 of the EU Sustainable Finance Disclosure Regulation. It forms part of the BNY Mellon Global Funds range for European investors, and is registered for sale in the UK, Denmark, France, Germany, Italy, Spain, Sweden, Switzerland, and The Netherlands.
Roy Leckie, executive director at Walter Scott, said: “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.”
Last week, BNY Mellon also launched a new multi-asset strategy.
The BNY Multi-Asset Moderate Fund will be managed by head of mixed assets at Newton IM Paul Flood, who will be supported by portfolio managers Bhavin Shah and Janice Kim.
See also: BNY Mellon launches Multi-Asset Moderate fund
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