BNY Mellon Global Income

A global equity fund with investing in cash generative companies with strict dividend requirements.

The BNY Mellon Global Income fund attempts to generate increasing income and capital growth over the long term, from investing in global equities. As it sits within the IA Global Equity Income sector, it must provide a yield in excess of 110% of the MSCI World index, a requirement it has achieved since launch in 2005. The investment process attempts to identify stocks by using a thematic framework, and seeks companies that are likely to benefit from a thematic tailwind. Although not an exhaustive list, themes will include economic, demographic political and technological.

We like the ability of the fund to diverge from the benchmark, given its unconstrained and high conviction mandate. This means the manager does not have to hold a region, country or sector if he believes it to be unattractive.

Fund type UK OEIC
Asset class Equities
Sector Global
Managed by Nick Clay & Andrew MacKirdy
Held in EQ PortfoliosBest Ideas Cautious
Best Ideas Adventurous
Best Ideas Adventurous Plus
Best Ideas Balanced Plus
Best Ideas Cautious Plus
Best Ideas High Octane
Best Ideas Balanced
Best Ideas Defensive

Manager Profile

Nick Clay has been a member of the global equity team since 2012, and is a member of a number of investment groups within Newton, including chairing the Equity Income group. From 2000 to 2012, Nick was lead manager on a variety of global multi-asset strategies at Newton. Prior to this, he gained experience as a UK equities manager at Morley Fund Management and as an analyst as Sun Alliance.

Fund performance

BNY Mellon Investment Management

BNY Mellon Investment Management is one of the world's largest multi-firm investment managers, encompassing 10 diversified investment firms. Each of these firms benefits from the combined scale of a full-service investment manager but with focused expertise as each individual firm has its own style, strategy and management team.