Dreyfus, the fund’s investment adviser, will use the combined investment strategy adopted by Dreyfus portfolio managers who are dual employees of Standish Mellon Asset Management and The Boston Company Asset Management (TBCAM), both investment units of BNY Mellon Asset Management.
The fund’s portfolio managers will be responsible for the fund’s equity investments and those responsible for fixed income investments will share asset allocation and country selection decisions.
Standish’s investment strategy will be used for purposes of making decisions related to fixed income securities and currencies, while the TBCAM’s strategy will be used for purposes of making investment decisions related to equities.
BNY Mellon said that the strategy is integrated since the fund’s portfolio managers will jointly assess investment opportunities in each emerging markets country by asset class as opposed to deciding on the overall asset allocation split for the entire portfolio and then managing the equity and fixed income sleeves separately.
Dreyfus emerging markets fund will normally invests at least 80% of its assets in the securities of emerging market issuers and other investments that are tied economically to emerging market countries.
Sean Fitzgibbon and Alexander Kozhemiakin will serve as the fund’s primary portfolio managers responsible for the fund’s equity and fixed income investments, respectively.
Fitzgibbon is a senior managing director, portfolio manager, research analyst and head of the global core equity team at TBCAM.
Kozhemiakin is the managing director of emerging market strategies and a senior portfolio manager at Standish.
Fitzgibbon and Kozhemiakin also are employees of Dreyfus and manage the fund in that capacity.
Dreyfus chairman and CEO Jon Baum said that Dreyfus Total Emerging Markets Fund’s portfolio managers employ a country-by-country analysis to assess the risk and return expectations for equities, bonds and currencies. The fund’s assets are then allocated to the more attractive emerging market asset classes, countries and individual securities.
