NEW YORK, Dec. 8, 2021 /PRNewswire/ -- BNY Mellon
Investment Management today announced the expansion of its
Exchange-Traded Funds (ETFs) line-up with the launch of the BNY
Mellon Concentrated International ETF (BKCI). This active,
fully transparent solution is sub-advised by Walter Scott & Partners Limited
(Walter Scott), a BNY Mellon
investment subsidiary and global equity specialist. The ETF was
listed today, December 8, 2021, on
the New York Stock Exchange (NYSE).
The BNY Mellon Concentrated International ETF brings Walter
Scott's disciplined and patient,
high-conviction investment approach to the broader
ETF landscape.
The BNY Mellon Concentrated International ETF provides a
compelling investment solution in an area of the market that
offers an opportunity to capture alpha. The
strategy features a highly concentrated
portfolio, typically investing in 25 to 30 high-quality
international growth stocks, with a strong emphasis on long-term
growth by targeting companies with fundamental strengths that
indicate the potential for sustainable growth.
"The current environment demands a critically discerning
stock-picking approach to effectively identify quality growth
companies. Complex market dynamics have been challenged by policies
stemming from the global pandemic, which in some cases, have
obscured underlying fragilities across the global corporate
sector," commented Roy Leckie,
Director of Walter Scott. "The BNY
Mellon Concentrated International ETF is a natural extension of our
existing suite of global funds, and we're pleased to bring
Walter Scott to market in the ETF
arena."
"The launch of the BNY Mellon Concentrated International ETF is
another exciting addition to our ETF product line-up and example of
how we are harnessing the specialist capabilities of our investment
firms to offer innovative solutions to our clients," said
Andy Provencher, Head of North
America Distribution, BNY Mellon Investment Management. "By
delivering this strategy in an actively managed ETF, we're able to
offer a tax-efficient path for investors seeking exposure to the
international equity markets."
Today's launch marks BNY Mellon Investment Management's second
active ETF solution to commence trading this year, having
introduced the BNY Mellon Ultra-Short Income ETF
(BKUI) in August. The BNY Mellon Concentrated
International ETF serves as a complementary addition to BNY
Mellon's suite of eight Index ETFs that began
trading in 2020 and recently surpassed $1 billion in assets under management.
To learn more about BNY Mellon's ETF range, including the
prospectus documents, please visit www.im.bnymellon.com/etf.
BNY Mellon Investment Management is one of
the world's largest asset managers, with $2.3 trillion in assets under management as of
Sept. 30, 2021. Through an
investor-first approach, BNY Mellon Investment Management brings to
clients the best of both worlds: specialist expertise from eight
investment firms offering solutions across every major asset class,
backed by the strength, stability, and global presence of BNY
Mellon. Additional information on BNY Mellon Investment Management
is available on www.im.bnymellon.com.
BNY Mellon Investment Management is a division of BNY Mellon,
which has $45.3 trillion in assets
under custody and/or administration as of Sept. 30, 2021. BNY Mellon can act as a single
point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon
is the corporate brand of The Bank of New York Mellon Corporation
(NYSE: BK). Additional information is available on
www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our
newsroom at www.bnymellon.com/newsroom for the latest company
news.
Walter
Scott was established in 1983 to offer
global equity portfolio management to institutional investors
around the world. Since its inception, Walter Scott has remained wholly committed to
global equity investing. Our core conviction is that over the long
term, return to shareholders can only ever be as great as the
wealth generated by the underlying businesses in which they are
invested. Our primary task is therefore identifying those companies
we believe are capable of sustaining the highest rates of wealth
generation. We do so using original, fundamental research carried
out by our own team across an investment universe that is
unrestricted by region, market sector, or benchmark. Walter Scott's truly global approach views the
world as a single universe of opportunities. In our view it affords
greater opportunity for economic and industrial diversification
through access to some of the world's best companies and allows
investment without bias among regions, countries, and sectors,
taking advantage of the most attractive valuations and prospects
for growth. For more information, please visit
https://www.walterscott.com/
Investors interested in the fund should consider the
investment objective, risks, charges, and expenses of the fund
carefully before investing. To obtain a prospectus that contains
this and other information about the fund, investors should contact
their financial representatives or visit im.bnymellon.com. Read the
prospectus carefully before investing.
ETF shares are listed on an exchange, and shares are generally
purchased and sold in the secondary market at market price. At
times, the market price may be at a premium or discount to the ETFs
per share NAV. In addition, ETFs are subject to the risk that an
active trading market for an ETF's shares may not develop or be
maintained. Buying or selling ETF shares on an exchange may require
the payment of brokerage commissions.
ETFs trade like stocks, are subject to investment risk,
including possible loss of principal. The risks of investing in
ETFs typically reflect the risks associated with the types of
instruments in which the ETF invests. Diversification cannot assure
a profit or protect against loss.
The ETF will issue (or redeem) fund shares to certain
institutional investors known as "Authorized Participants"
(typically market makers or other broker-dealers) only in large
blocks of fund shares known as "Creation Units." BNY Mellon
Securities Corporation ("BNYMSC"), a subsidiary of BNY Mellon,
serves as a distributor of the fund. BNYMSC does not distribute
fund shares in less than Creation Units, nor does it maintain a
secondary market in fund shares. BNYMSC may enter into selected
agreements with Authorized Participants for the sale of Creation
Units of fund shares.
Equities are subject to market, market sector,
market liquidity, issuer, and investment style risks to varying
degrees. Small and midsized company stocks tend to be more
volatile and less liquid than larger company stocks as these
companies are less established and have more volatile earnings
histories. Investing in foreign-denominated and/or domiciled
securities involves special risks, including changes in
currency exchange rates, political, economic, and social
instability, limited company information, differing auditing, and
legal standards, and less market liquidity. These risks
generally are greater with emerging market countries.
Unless otherwise specified herein, all information is sourced by
BNY Mellon as of December 3, 2021.
This press release is qualified for issuance in the United States and is for informational
purposes only. It does not constitute an offer or solicitation of
securities or investment services or an endorsement thereof in any
jurisdiction or in any circumstance in which such offer or
solicitation is unlawful or not authorized. This material does not
take into account the particular investment objectives,
restrictions, or financial, legal, or tax situation of any specific
investor. Investors should consult a legal, tax, or financial
professional in order to determine whether an investment product or
service is appropriate for a particular situation.
Not FDIC-Insured | No Bank Guarantee | May Lose
Value
©2021 BNY Mellon Securities Corporation, distributor,
240 Greenwich St., New York, NY
10286.
For Press:
Jessica
Rutledge
BNY Mellon Investment Management
+1(917)683-6820
jessica.rutledge@bnymellon.com
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SOURCE BNY Mellon Investment Management