BNY Mellon Investment Management launches active international equity ETF
BNY Mellon Investment Management has announced the expansion of its ETF line-up with the launch of the BNY Mellon Concentrated International ETF (BKCI).
The firm writes that this active, fully transparent solution is sub-advised by Walter Scott & Partners Limited (Walter Scott), a BNY Mellon investment subsidiary and global equity specialist. The ETF was listed December 8, 2021, on the New York Stock Exchange (NYSE).
The BNY Mellon Concentrated International ETF brings Walter Scott's disciplined and patient, high-conviction investment approach to the broader ETF landscape.
The BNY Mellon Concentrated International ETF provides a compelling investment solution in an area of the market that offers an opportunity to capture alpha. The strategy features a highly concentrated portfolio, typically investing in 25 to 30 high-quality international growth stocks, with a strong emphasis on long-term growth by targeting companies with fundamental strengths that indicate the potential for sustainable growth.
"The current environment demands a critically discerning stock-picking approach to effectively identify quality growth companies. Complex market dynamics have been challenged by policies stemming from the global pandemic, which in some cases, have obscured underlying fragilities across the global corporate sector," says Roy Leckie, Director of Walter Scott. "The BNY Mellon Concentrated International ETF is a natural extension of our existing suite of global funds, and we're pleased to bring Walter Scott to market in the ETF arena.”
"The launch of the BNY Mellon Concentrated International ETF is another exciting addition to our ETF product line-up and example of how we are harnessing the specialist capabilities of our investment firms to offer innovative solutions to our clients," says Andy Provencher, Head of North America Distribution, BNY Mellon Investment Management. "By delivering this strategy in an actively managed ETF, we're able to offer a tax-efficient path for investors seeking exposure to the international equity markets."
Today's launch marks BNY Mellon Investment Management's second active ETF solution to commence trading this year, having introduced the BNY Mellon Ultra-Short Income ETF (BKUI) in August. The BNY Mellon Concentrated International ETF serves as a complementary addition to BNY Mellon's suite of eight Index ETFs that began trading in 2020 and recently surpassed USD1 billion in assets under management.