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Products February 17, 2011
BNY Mellon Launches Total Emerging Markets Strategy
Standish
Mellon Asset Management Company LLC and The Boston Company Asset Management
(TBCAM) are jointly managing the Total Emerging Markets strategy.
Reported by Rebecca Moore
The two asset management firms are investment boutiques of BNY Mellon Asset Management. The Total
Emerging Markets strategy is an actively managed strategy that seeks to create
a diversified portfolio comprising the most attractive opportunities in
emerging markets bonds, equities, and currencies.
Within this new strategy, Standish and TBCAM will share asset allocation and
country selection decisions. Standish will select fixed income securities and
make currency management decisions with TBCAM handling equity selections.
“We
have designed the Total Emerging Markets strategy so it can seek better
risk-adjusted and absolute long-term performance than traditional emerging
markets equity portfolios benchmarked against the MSCI EM Index,” said
Alexander Kozhemiakin, who leads the emerging markets fixed income team at
Standish.
In contrast to a traditional emerging markets equities-only portfolio, the
Total Emerging Markets strategy is designed to encompass an expanded investment
universe and should benefit from a greater degree of country diversification, as the equity and fixed income universes in
emerging markets only partially overlap, according to the announcement.