BRINGING INSIGHT INVESTMENT S SPECIALIST CAPABILITIES TO A BROADER AUDIENCE PREPARED FOR PROFESSIONAL CLIENTS ONLY

Transcription

1 BRINGING INSIGHT INVESTMENT S SPECIALIST CAPABILITIES TO A BROADER AUDIENCE PREPARED FOR PROFESSIONAL CLIENTS ONLY

2 BNY MELLON IN FACTS AND FIGURES BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon has had a presence in the UK for 48 years (since 1966). BNY Mellon is one of the largest investment companies in the world, investing US$1.6 trillion on behalf of individuals, pension funds, charities and other institutions. BNY Mellon has over 50,000 employees worldwide. BNY Mellon is the world s largest custodian and administrator of financial assets; it looks after $27.6 trillion in assets on behalf of governments, investment companies, banks, insurers and other financial institutions. BNY Mellon processes a daily average of $1.5 trillion dollars in payments globally. BNY Mellon is the oldest bank in the US, founded in 1784 by Alexander Hamilton, the first US Secretary of the Treasury. Andrew Mellon, another key figure in the company s history, also served as US Secretary of the Treasury. The Mellon family had close ties with the UK: Andrew Mellon served as the US ambassador to the country from , and his son Paul Mellon studied at Clare College, Cambridge. BNY Mellon was the first ever company to be listed on the New York Stock Exchange. The stock is traded on the NYSE to this day, under the ticker symbol BK. BNY Mellon s headquarters are located at Number 1, Wall Street, New York City. BNY Mellon has a physical presence in 35 countries around the world, and operates in over 100 markets. BNY Mellon is the headline sponsor of the world-famous Oxford and Cambridge University Boat Race. BNY Mellon has a long association with the arts. Andrew Mellon was the founder of the National Gallery of Art in Washington, D.C. In the UK today BNY Mellon remains a major supporter of the arts through its partnerships with the Royal Academy of Arts and other major arts organisations. Source: BNY Mellon, unless otherwise indicated. All figures are as at 31 March 2014 unless otherwise indicated.

3 BNY MELLON: THE INVESTMENTS COMPANY FOR THE WORLD BNY Mellon is a global investments company dedicated to helping our clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, we deliver informed investment management and investment services through our client-focused efforts in 35 countries and more than 100 markets. Our insight is backed by our unique perspective that comes from having over $27.6 trillion in assets under custody and administration, and over $1.6 trillion in assets under management. Whether our clients are looking to create, trade, hold, manage, distribute or restructure investments, we can act as a single point of contact for our clients investment needs. We call it powering global investments to help our clients succeed. 3

4 BNY MELLON S EXPANDING INVESTMENT MANAGEMENT FAMILY POWERING GLOBAL INVESTMENTS BNY Mellon is one of the world s largest investment management companies. Our multi-boutique investment management model encompasses the skills of world class specialist asset managers. Each has its own unique investment philosophy and proprietary investment process and each is a leader in its field. Our model combines the benefits of specialist investment management with the stability of ownership by a major global financial institution. Our structure encourages an entrepreneurial, focused approach to investment and creates an environment in which each asset manager can best perform and build on its individual experience and organisational strengths in the development of new products. This approach to investment management enables us to offer a wide range of different funds from our specialist asset managers. In the UK, we have been particularly well known for our range of funds managed by Newton. Indeed, Newton has been a part of the BNY Mellon investment management family since it was acquired by BNY Mellon in Since this time, Newton has been joined by a number of investment management siblings, including Insight Investment. Our goal is to build and deliver distinctive investment performance for our clients, through diversified and focused investment styles.

5 OVERVIEW OF BNY MELLON INVESTMENT MANAGEMENT Our distinctive multi-boutique investment management model combines the skills of our world-class specialist asset managers. 1 Leader in liability driven investment fixed income, multi-asset, absolute return and specialist Equity solutions GBP 295.2bn 2 Active Equity and Bond, multi-asset, real-return and income solutions in a global thematic framework GBP 51.6bn 3 Global Equity investment management GBP 43bn Active fundamental Equity manager, core, growth and value styles GBP 29.9bn 4 5 Award-winning global, emerging markets and regional fixed income solutions specialist GBP 98.2bn European fixed income and equities GBP 16.4bn Specialist Asian Equity management GBP 0.6bn Brazilian multi-strategy, long/short, Equity and fixed income strategies GBP 3.6bn Global sub-investment grade debt asset management GBP 12.1bn 6 Global multi-asset solutions and strategies ranging from indexing to alternatives GBP 214bn US & Global real estate investment management GBP 4.2bn 5 7 Greater China capital market specialist GBP 84mn Fund of hedge funds, non-proprietary manager of managers GBP 3.2bn Money market funds, full array of short duration strategies GBP 143bn Multi-strategy private equity investing, direct investment and fund-of-funds GBP 6.2bn BILLION TOTAL ASSETS UNDER MANAGEMENT 1 In North America and Australasia the Insight Investment Group operates under the Insight Pareto brand. 2 Assets under management figure represents the combined assets under management of Insight Investment Management (Global) Limited and Pareto Investment Management Limited, which became part of the Insight group on 1 January Assets under management are represented by the value of cash securities and other economic exposure managed for clients. 3 AUM for The Newton Group. 4 Effective 9 September 2013, BNY Mellon ARX Investimentos Ltda was renamed ARX Investimentos Ltda. 5 Minority Owned. 6 AUM for The Alcentra Group. 7 A division of The Dreyfus Corporation. Provisional AUM has been provided by each asset manager as at 31 March Total AUM, provided by the Bank of the New York Mellon Corporation, includes the asset managers outlined in this presentation as well as BNY Mellon Wealth Management, Ankura Capital and external data. Source: BNY Mellon as at 31 March 2014.

6 INTRODUCING INSIGHT INVESTMENT Insight Investment is a specialist asset manager at the forefront of designing solutions to meet investors needs. Launched in 2002, Insight is responsible for over billion* in assets under management across liability-driven investment, currency management, fixed income, absolute return, multi-asset and specialist investment strategies. The firm manages money for pension funds, sovereign wealth funds, insurance groups, local government, charities, other financial institutions and private investors. Insight seeks to do things differently by thinking differently. As a leading fixed income manager and pioneer of liabilitydriven investments, multi-asset and absolute return solutions, Insight combines expertise and depth of knowledge with innovation across a broad range of asset classes and the entire risk/return spectrum. A team-oriented approach is the lynchpin of Insight s business and means that it can draw on the expertise of high calibre professionals at any time. Insight s people are amongst the experts in their field, meaning it has the right people doing the right jobs for clients. At the heart of Insight s philosophy is a desire to develop and evolve innovative yet practical solutions that meet investors changing needs. Following this philosophy, Insight has grown into a leading force in investment management; its business is strong and has grown rapidly since launch in * as at 31 March 2014

7 BRINGING INSIGHT S SPECIALIST INVESTMENT MANAGEMENT CAPABILITIES TO A WIDER AUDIENCE OF UK INVESTORS Over more than a decade, Insight has developed a strong reputation among institutional investors such as pension schemes and insurance companies for its innovative investment strategies that focus on helping clients to achieve their investment objectives. Since Insight became part of the BNY Mellon investment management family in 2009, we have been working together to define how we can best serve our clients. In pursuit of this goal, we have created a new range of funds that brings Insight s core investment management strengths to UK advisers and consumers, and complements BNY Mellon s existing range of funds. In addition, the new range highlights BNY Mellon s commitment to supporting its intermediary clients in the post-retail Distribution Review world, by offering access to an expanded range of strategies designed to help investors through the investment lifecycle. These funds bring the power of Insight s investment management capabilities to a larger audience, by combining them with BNY Mellon s highly regarded distribution capabilities, building on our reputation for bringing highquality, client-focused investment products to the market. In this way, Insight concentrates on developing and delivering investment management capabilities, while BNY Mellon is responsible for client service, sales and marketing. We believe this is the optimum approach to enabling consumers and their advisers to access investment strategies that have been highly rated by Insight s institutional clients for a number of years*. Many of the Insight-managed funds available through BNY Mellon build on Insight s reputation in outcome-focused investing. This background has enabled us to bring to market a number of funds that place considerable emphasis on client outcomes, harnessing the firm s expertise in areas such as derivative use and risk management. INSIGHT INVESTMENT IN FACTS AND FIGURES Insight manages billion (as at 31 March 2014). Insight was founded in 2002, and became part of BNY Mellon in Insight won 60 industry awards in the years from 2009 to * Insight has over 145 front line investment professionals in one location in London. Insight manages investments on behalf of pension funds, companies, local authorities, insurers, sovereign wealth funds, wealth managers, financial institutions and private individuals located across the globe. Insight s investment range for financial advisers and private individuals covers fixed income, multi-asset funds, specialist equities and absolute return funds. * Source: Insight, as at 31 July, 2014 unless otherwise indicated. Insight s assets under management are represented by the value of cash securities and other economic exposure managed for clients. Please turn overleaf for specific details about our funds managed by Insight. * Please remember that past performance is not a guide to future performance.

8 INSIGHT S CAPABILITIES AVAILABLE THROUGH BNY MELLON Insight has a number of specialist investment capabilities. Under each of these capabilities, we offer one or more funds, to accommodate varying investor and adviser requirements. ABSOLUTE RETURN INVESTMENTS Insight has invested significantly in its absolute return investment infrastructure, adding professional expertise to build on traditional fund management capabilities. FUNDS AVAILABLE INVESTMENT OBJECTIVE IMA SECTOR PERFORMANCE AIM Absolute Insight Fund (NURS) 1 Positive total return comprised of income and capital growth by investing in a mixed portfolio of mutual investment funds. Absolute Return The Fund aims to deliver cash (3 Month GBP LIBOR minus 0.125%) + 4% on a rolling annualised 5 year basis before fees. In doing so, the Fund aims to achieve a positive return over a rolling 12 month period. However, a positive return is not guaranteed and a capital loss may occur. Insight Global Absolute Return Fund 2 Positive total returns on an annual basis with the prospect of long-term capital growth by following a broad multi-asset portfolio approach. Absolute Return The Fund aims to deliver cash (3 month GBP LIBOR) +4% on a rolling annualised 5 year basis before fees. However, a positive return is not guaranteed and a capital loss may occur. MULTI-ASSET INVESTMENTS Insight s multi-asset strategy group combines a best-of-breed approach to investment selection with expertise in diversification and asset allocation to capitalise on investment opportunities across multiple geographies and asset classes within a disciplined risk/return framework. The group is responsible for Insight s overarching asset allocation decisions, as well as managing client portfolios. FUNDS AVAILABLE INVESTMENT OBJECTIVE IMA SECTOR COMPARATIVE INDEX Insight Global Multi-Strategy Long-term capital growth by following a broad multi-asset portfolio approach. Mixed Investment 20-60% Shares None Fund 2 1 Sub-fund of BNY Mellon Managed Funds II ICVC, an open-ended Non-UCITS Retail Scheme (NURS) 2 Sub-fund of BNY Mellon Investment Funds ICVC, an open-ended umbrella-type company incorporated with variable capital 8

9 FIXED INCOME INVESTMENTS We believe that Insight has one of the best resourced and most highly experienced fixed income teams in Europe. The firm s fixed income team is built on specialist knowledge and experience. The key strengths of Insight s process lie in its ability to be consistently and continually applied across the full range of bond markets. FUNDS AVAILABLE INVESTMENT OBJECTIVE IMA SECTOR COMPARATIVE INDEX Insight Inflation- Linked Corporate Bond Fund 2 Generate attractive returns relative to UK Inflation levels over the medium to long term (typically 3-5 years). Strategic Bond None Insight Strategic Bond Fund 2 To generate a total return by investing in a wide range of bonds and similar debt investments issued by companies, governments and other public entities throughout the world, with a bias towards the UK and Europe. Strategic Bond None SPECIALIST EQUITY INVESTMENTS Insight s highly experienced specialist equities team is focused on adding value through fundamental stock selection. Income-orientated strategies are a notable area of expertise. FUNDS AVAILABLE INVESTMENT OBJECTIVE IMA SECTOR COMPARATIVE INDEX Insight Equity Income Booster Fund 2 Targeting higher than average income together with the potential for capital growth by investing in shares (i.e. equities) and similar investments of companies predominantly listed, or located primarily in the UK. UK Equity Income FTSE All Share Index Insight Equity Income Fund 2 Focus on increasing income, together with capital growth over the long term by investing in shares (i.e. equities) and similar investments of companies predominantly listed, or located primarily in the UK. UK Equity Income FTSE All Share Index

10 Important Information Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When your client sells their investment they may get back less than they originally invested. This is a financial promotion for Professional Clients and/or distributors only. This is not intended as investment advice. For a full list of risks applicable to these funds, please refer to the Prospectus. You should read the Prospectus and Key Investor Information Document (KIID) for each fund in which you want to invest. The Prospectus and KIID can be found at BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries. This document may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. Unless otherwise noted, all references to total assets under management (AUM) (which are approximate), provided by The Bank of New York Mellon Corporation, are as of 31 March AUM for The Boston Company Asset Management, EACM Advisors, Mellon Capital Management Corporation and Standish Mellon Asset Management Company LLC includes assets managed by those individual firms officers as associated persons, dual officers or employees of The Dreyfus Corporation. In addition, AUM / OUM for the following firms may include assets managed by them as non-discretionary investment manager for, or by the individual firms officers as dual officers or employees of, The Bank of New York Mellon: The Boston Company Asset Management, LLC, The Dreyfus Corporation and its BNY Mellon Cash Investment Strategies division, Mellon Capital Management Corporation, Newton Capital Management Limited (part of The Newton Group), Standish Mellon Asset Management Company LLC, and CenterSquare Investment Management, Inc (previously named Urdang Securities Management, Inc). AUM includes BNY Mellon Wealth Management, Ankura Capital and external data. The Bank of New York Mellon Corporation holds over 95% of the parent holding company of Alcentra group, 90% of The Boston Company Asset Management, LLC, a 19.9% minority interest in The Hamon Investment Group Pte Limited, the parent company of Blackfriars Asset Management Limited, Hamon Asset Management Limited and Hamon Asian Advisors Limited, through which Hamon offers investment services in the US, a 20% minority interest in Siguler Guff & Company LLC and certain related entities and owns 100% of Meriten Investment Management GmbH (previously named WestLB Mellon Asset Management, formerly a 50:50 joint venture with Portigon(formerly WestLB AG). BNY Mellon Beta & Transition Management is a division of The Bank of New York Mellon, a wholly-owned banking subsidiary of The Bank of New York Mellon Corporation. BNY Mellon Cash Investment Strategies is a division of The Dreyfus Corporation. AUM outlined for Newton represents the aggregate AUM of the following affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited and Newton Fund Managers (CI) Limited. Absolute Insight Fund is a sub-fund of BNY Mellon Managed Funds II, an investment company with variable capital (ICVC) incorporated in England and Wales under registered number IC and authorised by the Financial Conduct Authority. BNY Mellon Fund Managers Limited (BNYMFM) is the Authorised Corporate Director. To help us continually improve our service and in the interest of security, we may monitor and/or record your telephone calls with us. The Insight Global Absolute Return Fund, Insight Inflation-Linked Corporate Bond Fund, Insight Strategic Bond Fund, Insight Equity Income Booster Fund, Insight Equity Income Fund, Insight Global Multi-Strategy Fund are sub-funds of BNY Mellon Investment Funds, an investment company with variable capital (ICVC) incorporated in England and Wales under registered number IC27 and authorised by the Financial Conduct Authority. BNYMFM is the Authorised Corporate Director. BNY MFM, BNY Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No Authorised and regulated by the Financial Conduct Authority. Funds may not be registered for sale in all markets. BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) is the global (ex US) distributor of the capabilities of its investment managers including those of Insight Investment Management (Global) Limited (Insight). ICVC investments should not be regarded as short-term and should normally be held for at least five years. This document is issued in the UK by BNYMIM EMEA, BNY Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No Authorised and regulated by the Financial Conduct Authority. BNYMIM EMEA, BNY MFM, Insight and any other BNY Mellon entity mentioned are all ultimately owned by The Bank of New York Mellon Corporation. Issued as at 30/06/2014 CP (6M). T /14.

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12 For more information about these or any other BNY Mellon funds, please visit our website or contact us: BNY MELLON FUND MANAGERS LIMITED CLIENT SERVICE CENTRE PO BOX BRENTWOOD CM14 9LS