BNY Mellon launches Ucits version of ‘dynamic’ US equity fund

BNY Mellon has launched a Ucits version of its existing US equity fund, offering an actively managed large cap portfolio for investors in the UK and Europe.

The BNY Mellon Dynamic US Equity Fund will be managed by Mellon Capital Management, an investment boutique within BNY Mellon IM with $363bn AUM, and aim to outperform the S&P 500 by 2-4% a year, gross of fees.

An existing US equity fund has been run since 1989 and outperformed the market in 21 out of 28 years, the firm said. The latest version has been launched to allow European investors access to the US large cap space.

Fund manager James Stavena claimed there was “nothing like it in the marketplace today”.

Matt Oomen, BNY Mellon’s head of global distribution, said the fund aimed to capture investors who had lost faith in active managers in US large caps.

“The BNY Mellon Dynamic US Equity Fund is a compelling proposition that we believe will help European clients solve two problems. Investors will have an alternative to passive in US large cap, one of the most efficient markets in the world,” he said.

“Many investors have been disappointed with active US large cap and are moving their US large cap assets to passive.

“Mellon Capital’s strategy has also historically allowed investors to generate 3% above public US equities without the onerous fees. As many investors move a large proportion of their equity assets to passive this means their remaining assets need to work harder. This new fund aims to give investors the returns they need without the high fees.”

The BNY Mellon Dynamic US Equity Fund is registered for distribution in the UK, Germany, France, Italy, Spain, the Netherlands, Austria, Switzerland, Belgium, Denmark, Finland, Norway and Sweden.


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