bny mellon to merge insight funds

BNY Mellon has proposed a series of mergers in the Insight Investment range to position it for the post-RDR industry.

bny mellon to merge insight funds


The move will see six new funds created out of ten Insight Investment portfolios, subject to shareholder approval. The  new range is designed to complement BNY Mellon’s existing funds targeted at the UK wholesale market.

Steve Waddington will managed the new Insight Global Multi-Strategy Fund, which will be created after the merger of the Insight Investment Diversified High Income, Insight Investment Wealth Builder Balanced and Insight Investment Diversified Dynamic Return funds.

Waddington will also helm the Insight Global Absolute Return Fund, which will have the existing Insight Investment Diversified Target Return Fund merged into it.

The new Insight Equity Income Booster Fund, managed by Tim Rees, will be formed after the merger of the Insight Investment UK Equity Income Booster and Insight Investment Monthly Income funds.

Rees will also run the Insight Equity Income Fund after the Insight Investment UK Dynamic Managed and Insight Investment Equity High Income funds are merged into it.

The new Insight Strategic Bond Fund will be managed by Adam Mossakowski, with active support from Peter Bentley, following its merger with the Insight Investment Monthly Income Bond Fund.

In addition, Mossakowski and David Hooker will run the Insight Inflation-Linked Corporate Bond Fund, which is being merged with the existing Insight Investment Sterling Corporate Bond Fund.

Scott Goodsir, head of UK wholesale at BNY Mellon, said: “These proposed changes are designed to capitalise on Insight’s core investment expertise and provide our intermediary clients with strategies that help investors through the investment lifecycle.

“With the onset of changes as a result of the retail distribution review, we believe these enhancements are key to providing investors continued access to the capabilities of a world-leading investment management firm.”


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