The Dreyfus, a part of BNY Mellon Asset Management, has introduced two new fund of funds, Dreyfus Satellite Alpha Fund and Dreyfus Diversified Global Fund.
Reportedly, the Dreyfus Satellite Alpha Fund seeks long-term capital appreciation by allocating its assets to Dreyfus-advised mutual funds that invest in non-traditional asset classes, including commodities, currencies and real estate. Dreyfus Diversified Global Fund seeks long-term capital appreciation by allocating its assets to Dreyfus-advised mutual funds that invest primarily in equities issued by US and foreign companies.
Phil Maisano, vice chairman and chief investment officer for Dreyfus and chief investment strategist for BNY Mellon Asset Management, said: “Many individual investors are seeking a professionally managed solution that enables them to invest in non-traditional asset classes that have low correlations to traditional asset classes, especially in the wake of the recent financial crisis. Dreyfus Satellite Alpha has been constructed within a 1940-Act platform to provide exposure to non-traditional asset classes such as commodities, currencies and real estate in addition to inflation-protected securities and global stocks and bonds.”
“Dreyfus Diversified Global fund is distinctive among global funds; the underlying funds are managed by an array of BNY Mellon Asset Management affiliates with different points of view and investment philosophies which differentiate this fund from other global funds that only deliver a single viewpoint,” he added.
