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BNY Mellon Investment Management
BNY Mellon Investment Management has just launched the BNY Mellon Long-Term European Equity Fund for investors across European markets.

The fund is sub-advised by Edinburgh-based Walter Scott & Partners, a wholly-owned subsidiary of BNY Mellon and global equity specialist, with $81.3 billion in assets under management. It aims to provide investors with a favourable long-term capital appreciation by investing in a high-conviction portfolio of quality companies located in Europe, including the UK, whilst taking environmental, social and governance factors into account. Managed by Walter Scott’s investment team, it meets the requirements of Article 8 of the EU Sustainable Finance Disclosure Regulation, the firm said in a statement.

The fund, which is part of the BNY Mellon Global Funds, plc (MGF) range for European investors, is registered for sale in the UK and several European jurisdictions including Denmark, France, Germany, Italy, Spain, Sweden, Switzerland, and the Netherlands. It will measure its performance against the MSCI Europe NR Index.  

“Our fundamental, in-house company analysis shows that Europe remains a hunting ground for quality companies, and through this strategy, we aim to provide investors exposure to the best stock stories that Europe has to offer,” Roy Leckie, executive director at Walter Scott, said. 

BNY Mellon IM is a large asset manager with $1.9 trillion in assets under management.