BNY Mellon Investment Management has launched its US dynamic equityfund in a Ucits format.
Operated through San Francisco-based boutique Mellon Capital, this new strategy marks the second launch in recent months, having also unveiled a US high yield fund in September.
The newly-launched BNY Mellon Dynamic US Equity fund hopes to outperform the S&P 500 by 2%-4% a year, gross of fees and will charge an annual management fee of 0.4%.
James Stavena is lead manager on the fund and will focus majorly on the US large-cap equity space. It has existed as a fund for US investors since 1989.
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.