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BNY Mellon launches large-cap global equities fund

BNY Mellon launches large-cap global equities fund

BNY Mellon Investment Management has launched a global equities fund focused on investing in some of the world’s largest companies.

The Global Leaders fund will be managed by global equities specialist Walter Scott & Partners Limited, a subsidiary of BNY Mellon, and will be biased toward large cap companies in order to ensure liquidity.

The fund will aim to achieve long-term capital growth in a concentrated portfolio of between 25 and 30 of the world’s market leading companies.

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Fees for an initial investment of £5,000 are 2 per cent, dropping to 1.5 per cent for a £10,000 investment.

Matt Oomen, head of international distribution at BNY Mellon Investment Management, said: "In an environment which is likely to become more challenging, Walter Scott believes markets will become more discerning and quality will be rewarded."