(Boursier.com) — BNY Mellon Investment Management and Newton Investment Management Limited (Newton) today announce the launch of the BNY Mellon Sustainable Global Emerging Markets Fund (the Fund), a new fund in the BNY Mellon Global Funds, plc family to European investors. The fund will be managed by Newton, a global investment firm of BNY Mellon Investment Management, with assets under management of $109 billion as of June 30, 2022.
Denominated in USD, the fund aims to combine Newton’s longstanding expertise in responsible investing with the track record of the existing BNY Mellon Global Emerging Markets Fund. Like its equivalent under English law, this new fund will be managed by Ian Smith and Paul Birchenough, managers specializing in emerging equities at Newton.
The fund, rated Article 9 by the SFDR, will use Newton’s sustainable investing approach to target emerging market investment opportunities in companies that actively seek to optimally manage social and environmental factors, purpose of generating sustainable returns. These opportunities include providers of solutions addressing pressing social and environmental needs, blue-chip operators, and companies committed to investing in and constructively adapting to future environmental and social needs.
Ian Smith and Paul Birchenough, Emerging Equities Managers at Newton, pointed out: “Countries with low to mid-level GDP represent over 80% of the world’s population, and an even higher proportion of the young population. two-thirds of the 5 to 7 trillion dollars of annual investment needed to achieve the United Nations Sustainable Development Goals by 2030 will have to be deployed in developing countries, yet emerging markets represent little more than 10% global stock indices.
The data consistently demonstrates that the needs of emerging countries are insufficiently met and that their markets are underrepresented. They also show that it is possible to take advantage of rising real incomes and urbanization, as well as the adoption of technologies related to clean energy, electrification, digitization and healthcare. We believe this is fertile ground for the patient and sustainable deployment of capital that can positively impact people’s lives, while tapping into potentially vast market opportunities.”
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