According to the BNY Mellon, the fund will normally invest at least 80% of its assets in bonds and other instruments that will offer investment exposure to global bond markets.
The asset manager said that the fund’s portfolio managers will adopt a dynamic, unconstrained approach in allocating the fund’s assets globally, primarily among government bonds, emerging market sovereign debt, investment grade and high yield corporate instruments and currencies.
Dreyfus has appointed its affiliate, Newton Capital Management, to serve as the fund’s sub-investment adviser.
Newton’s fixed income investment managers will focus on identifying opportunities in bond and currency markets globally using their global thematic investment approach.
The appointed portfolio managers of the fund are Paul Brain, leader of the fixed income team at Newton, Howard Cunningham and Jonathan Day, who, together, have over 60 years of investment experience.
Dreyfus chairman and CEO Jon Baum said that the Dreyfus believe that it is important that a fixed-income manager have the flexibility to seek to capture returns opportunistically as and when they arise, particularly with the uncertainty in today’s marketplace.
"Dreyfus Global Dynamic Bond Fund provides that flexibility. Focused on generating absolute returns across economic cycles, the fund aims to capture different sources of global bond and currency returns in a single portfolio.
"This unconstrained strategy provides the flexibility that we believe can help to generate attractive returns in the context of uncertainty in bond and currency markets," Baum said.
Newton is a London-based global asset management subsidiary of The Bank of New York Mellon and part of BNY Mellon Asset Management.
