US asset manager BNY Mellon Investment Management (IM) has launched BNY Mellon FutureLegacy, a new UK fund range consisting of five risk-rated sustainable multi-asset funds. These funds look to assist UK Investors in “achiev[ing] retirement goals”, enabling advisors to recommend investment solutions that align with their clients’ “individual financial needs, risk appetites and expectations both leading up to and during retirement”. Each fund in the range, which will be advised by BNY Mellon Investment firm and specialist equity and multi-asset manager Newton Investment Management, is actively managed and tailored to deliver capital growth with the potential for income over the long term. The funds are directly invested in sustainable companies, using a dynamic asset allocation risk framework to address changing market conditions across asset classes. The newly formed FutureLegacy team will be overseen by Mitesh Sheth, Chief Investment Officer of Multi-Asset at Newton, who said: “FutureLegacy will provide investors with a range of funds which aim to protect and grow their portfolios sustainably over the long-term. We will only be investing in companies around the world that are in line with Newton’s sustainable framework to ensure we are contributing towards the just energy transition.”
