Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Mellon Subsidiary Stages Record Launch Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 15, 2006

Mellon Subsidiary Stages Record Launch

Reported by Marie Glancy

Mellon Financial Corp. has brought out a mammoth new fund in Asia: a $3 billion, highly diversified offering from UK-based subsidiary Mellon Global Investments, managed in part by other subsidiaries and aimed primarily at the Japanese retail market.

The Nikko Mellon GW Select Best Nine Fund, a global fund of funds, will be distributed by Nikko Cordial Securities, managed by Mellon's substantial Japanese business, and will invest in nine asset classes, including equities, bonds, and alternative investments.

"It is literally the largest fund launch Mellon has ever undertaken," confirmed spokesperson Ron Sommer.

Besides its birth weight, so to speak, the fund is notable for "the range of Mellon asset management shops that are advising on the fund," Sommer added. While there's "no end of debate" on issues of scale and focus, "Mellon is one of the asset managers that contends it's best for individual shops to have a tight focus, with products that tap into the abilities of the individual shops."

Five Mellon subsidiaries will be among active managers of the fund's funds: Franklin Portfolio Associates, Newton Investment Management, Standish Mellon Asset Management, The Boston Company Asset Management, and Mellon HBV.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use