BNY Mellon Asset Management has said that a new Brazilian equity fund for Japanese investors launched. The BNY Mellon Brazil infrastructure and consumption equity fund will be launched on January 12, 2010 and will be managed by BNY Mellon ARX, part of BNY Mellon Asset Management. The fund will initially be distributed by Tokai Tokyo Securities, Hamagin TT Securities, YM Securities and Utsunomiya Securities.
BNY Mellon ARX specialises in Brazilian multi-strategy, equity long short, equity long only and fixed income investment strategies and provides access to the expanding investment opportunities in the rapidly growing Brazilian marketplace.
The investment objective of the fund is to seek a capital appreciation of the trust assets over the medium to long term through active investment mainly in equity securities issued by companies likely to benefit from increasing infrastructure development and domestic consumption in Brazil. The investment process combines fundamental bottom-up analysis with a macro top-down overview and maintains, in principle, an investment ratio in such securities.
Shogo Yamaguchi, representative director and president of BNY Mellon Asset Management Japan, said: “We are excited to launch the first such thematic product for our business in Japan. We aim to deliver to Japanese investors solid, long-term performance while simultaneously providing a world-class client servicing capability to match.”
David Jiang, CEO of Asia Pacific for BNY Mellon Asset Management, said: “As a result of continued client demand and changing market conditions, innovation of products and services will be a key factor in differentiating asset management success. Japan is a growing and successful market for us in Asia Pacific and we look forward to working closely with our partners in offering Japanese investors access to our broad product range.”
