BNY Mellon takes product retail
Global institution BNY Mellon Asset Management has moved to take its Global Alpha Trust into the retail market and has received its first retail rating from Zenith.
The move to take the product into the retail space was confirmed by BNY Mellon Asset Management Australian managing director Bruce Murphy (pictured).
The trust targets outperformance of the RBA cash rate by approximately 15 per cent a year over the medium to long term.
BNY Mellon Asset Management has traditionally played to the institutional market in Australia.
AUTHOR
Mike Taylor
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