BNY Mellon Asset Management Launches Emerging Markets Pooled Fund in Canada


    
    Structure aims for more efficient solution than separate account format




    
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<p><location>TORONTO</location>, <chron>Feb. 12</chron> /CNW/ -- BNY Mellon Asset Management has announced the launch of a Canadian-domiciled emerging markets pooled fund, which has been developed as a lower-cost alternative to the separate account structure typically offered to Canadian institutional clients.</p>
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<p>The new fund, the BNY Mellon Pooled Emerging Markets Value Equity Fund, will be managed by D. <person>Kirk Henry</person>, senior managing director of The <location>Boston</location> Company Asset Management, LLC, one of BNY Mellon Asset Management's investment boutiques.</p>
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<p>"This is one of the few emerging markets strategies available to Canadian institutional investors in a Canadian-domiciled pooled fund," said Richard J. Terres, managing director for BNY Mellon Asset Management.  "The vast majority of emerging markets strategies offered to Canadian investors are through separate accounts, which tend to be less operationally efficient for plan sponsors looking for exposure to this asset class."</p>
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<p>"We continue to see opportunities in emerging markets equities," said Henry.  "However, as the recent volatility clearly demonstrates, investing in emerging markets requires an active, stock-selection-based investment strategy."</p>
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<p>Interests in any investment vehicles may be offered and sold in <location>Canada</location> through BNY Mellon Asset Management <location>Canada</location>, Ltd., an Ontario-registered Portfolio Manager and an Exempt Market Dealer. This press release is qualified for issuance in the US and <location>Canada</location> and is for information purposes only.  It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized.</p>
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    Notes to Editors

    
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<p>The <location>Boston</location> Company Asset Management, LLC, a BNY Mellon Asset Management investment boutique, manages more than <money>$34 billion</money> in assets for more than 450 clients worldwide.  It provides investment management services for corporate, public, mutual funds and Taft-Hartley retirement plans, endowments and foundations.</p>
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<p>BNY Mellon Asset Management is the umbrella organization for BNY Mellon's affiliated investment management firms and global distribution companies.</p>
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<p>BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:   BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.  It has <money>$22.3 trillion</money> in assets under custody and administration, <money>$1.1 trillion</money> in assets under management, services <money>$12.0 trillion</money> in outstanding debt and processes global payments averaging <money>$1.6 trillion</money> per day.  Additional information is available at <a href="http://www.bnymellon.com">www.bnymellon.com</a>.</p>
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<p>All information source BNY Mellon Asset Management as of <chron>December 31, 2009</chron>, except where noted. This press release is issued by BNY Mellon Asset Management to members of the financial press and media and the information contained herein should not be construed as investment advice.   Past performance is not a guide to future performance.</p>
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    A BNY Mellon Company (SM)





    

For further information: For further information: Mike Dunn, +1-212-922-7859, mike.g.dunn@bnymellon.com Web Site: http://www.bnymellon.com

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