TLDR:
- BNY Investments launches a new Global Aggregate Fixed Income Fund managed by Insight Investment.
- The fund will primarily invest in government debt securities and investment-grade credit from around the world.
BNY Investments has unveiled the BNY Mellon Global Aggregate Bond Fund, a new vehicle managed by Insight Investment, a global manager with significant assets under management in fixed income. The fund, which launches with an initial capital of approximately $150 million, will focus on investing in government debt securities and investment-grade credit from around the world. The strategy for the fund will be co-managed by Insight’s Global Credit, Global Rates, and Macro Research teams, all part of the Fixed Income Group at Insight. The team will be led by Adam Whiteley, Head of Global Credit, and Harvey Bradley, Senior Portfolio Manager, along with Portfolio Manager Nathaniel Hyde.
BNY Mellon Global Aggregate Bond Fund is managed similarly to the global aggregate fixed income strategy launched by Insight in 2015, with assets totaling €9.2 million. The fund belongs to BNY Mellon Global Funds, plc, domiciled in Ireland and registered in multiple countries across Europe and Asia. The approach of the fund involves a focus on selecting the best ideas from a range of fixed income opportunities globally to build a diversified portfolio. While the fund prioritizes investment-grade debt, it can also invest in high yield and emerging market fixed income assets.
The launch of this new fund comes at a time when fixed income yields are at levels not seen since before the global financial crisis, making it an opportune moment for fixed income investments. With a team of 166 investment professionals worldwide, the strategy combines macroeconomic analysis with bottom-up security selection to identify opportunities that offer attractive risk-adjusted returns regardless of market conditions. BNY Investments sees this new fund as an opportunity to capitalize on the favorable fixed income environment and provide investors with a diversified portfolio option in the global aggregate fixed income space.
