BNY Mellon Asset Servicing Becomes First Service Provider to Support ETF Short Positions (PR Newswire)
BNY Mellon Asset Servicing, the global leader in securities
servicing, became the first service provider to support short
positions in an exchange-traded fund after being selected to
provide ETF services, custody, fund accounting and fund
administration for the Mars Hill Global Relative Value ETF , the
first actively managed ETF to pursue a long-short equity
strategy.
BNY Mellon Asset Management's Target Surplus Strategies Attract Pension Plans Setting Funding Goals (PR Newswire)
BNY Mellon Asset Management announced it is seeing growing
interest from corporate pension plans in its Target Surplus
Strategies, which were created to help the plans set deadlines to
achieve targeted funding ratios. Since BNY Mellon launched
these strategies in mid 2009, it has attracted more than $1
billion in assets under management from six pension plans.
B of A, Wells, Citi Fall as Moody's Sees Risk From FinReg (at Barron's Online)
Newton Appoints Terry Coles (PR Newswire)
Newton* has appointed Terry Coles as investment manager in its
global equities team.
Small Cap Stocks May Prove Challenging, According to Study by BNY Mellon Beta Management (PR Newswire)
The relatively high transaction costs associated with small cap
stocks combined with forecasted returns that are not expected to
exceed those of large cap stocks make the asset class relatively
unattractive at this time, according to a recent study by BNY
Mellon Beta Management, a BNY Mellon Asset Management business
that facilitates rebalancing programs and synthetic asset class
exposure through the use of futures, swaps, index funds, and
exchange-traded funds .
BNY Mellon Corporate Trust Launches Innovative eVault Service (PR Newswire)
BNY Mellon Corporate Trust has introduced an eVault service that
will allow it to receive, process and store electronic mortgage
documents on behalf of its clients, significantly improving all
stages in the life-cycle of a loan.
Newton Urges Investors to See the Long-Term Benefits of Investing in Equity Income (PR Newswire)
Newton* has encouraged investors to see the long-term benefits of
investing in equity income in a recent paper entitled "The
case for equity income investing."
BNY Mellon Appoints Mitchell Harris Sole Interim Head for Asset Management (PR Newswire)
BNY Mellon announced today that Mitchell Harris will be the sole
head of the company's asset management business on an
interim basis. Harris also continues in his role as chairman of
the Fixed Income, Cash and Currency Group of BNY Mellon Asset
Management.