We are pleased to re-introduce the BNY Mellon Multi-Asset Balanced fund into the Academy with an A rating. The fund was removed from the Academy in February 2018 following a number of changes to fund's long-term managers. The current team started managerial responsibility for the fund in January 2018 and make use of many of the same resources as the previous team, but their approach to asset allocation is different. Their approach is more pragmatic and benchmark aware and has less of an emphasis on capital preservation, with the latter being a feature of the previous team.
We believe this fund may appeal to investors that have a long-term time horizon and who are looking for a multi-asset portfolio that will have a bias to equities. Key attractions we see of this fund are the conviction driven approach taken by the managers, the experience and tenure within the business of the lead manager, Simon Nichols, and the strength of the global analyst team that support the equity recommendations within the portfolio.
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