Launches & Closures

Asset manager unveils new UCITS-compliant EM corporate debt fund

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BNY Mellon Asset Management has launched its second alternative UCITS fund to be managed by Insight Investment Management.

BNY Mellon Emerging Markets Corporate Debt Fund, which launched on 31 January 2012, is managed by Insight’s emerging market debt team, headed by Colm McDonagh.

The fund will aim to generate a total return comprised of income and capital growth by investing primarily in corporate debt and related financial derivative instruments issued by emerging market issuers worldwide. The fund will consist of a globally diversified ‘best ideas’ portfolio seeking to invest in the most compelling risk-adjusted opportunities, irrespective of benchmark weighting,