Dreyfus, the fund’s investment adviser, will use the combined investment strategy employed by Dreyfus portfolio managers who are dual employees of Standish Mellon Asset Management Company and The Boston Company Asset Management (TBCAM), both investment boutiques of BNY Mellon Asset Management.
The fund’s portfolio managers responsible for the fund’s equity investments and those responsible for fixed income investments will share asset allocation and country selection decisions, said BNY Mellon.
Standish’s investment strategy will be used for purposes of making decisions related to fixed income securities and currencies. TBCAM’s investment strategy will be used for purposes of making investment decisions related to equities.
According to BNY Mellon, the strategy is integrated since the fund’s portfolio managers will jointly assess investment opportunities in each emerging markets country by asset class as opposed to simply deciding on the overall asset allocation split for the entire portfolio and then managing the equity and fixed income sleeves separately.
Dreyfus chairman and CEO Jon Baum said Dreyfus Total Emerging Markets Fund offers something that one cannot get with a traditional fund-of-funds approach.
"The fund’s portfolio managers employ a country-by-country analysis to assess the risk and return expectations for equities, bonds and currencies. The fund’s assets are then allocated to the more attractive emerging market asset classes, countries and individual securities," Baum said.
