BNY Mellon Global Dynamic Bond Fund managed by Newton

LONDON, 29 September 2010 — BNY Mellon Asset Management has announced the launch of a new global bond fund, the BNY Mellon Global Dynamic Bond Fund. The Dublin domiciled Fund, a sub-fund of BNY Mellon Global Funds, plc, will be managed by Newton Investment Management Limited, one of BNY Mellon’s boutique asset managers.

The BNY Mellon Global Dynamic Bond Fund will be managed by Paul Brain, leader fixed income, at Newton. Brain heads up a team of eight bond specialists and has over 26 years of investment experience and will seek to deliver positive returns by finding the best opportunities for investment in the following fixed-income asset classes: global government bonds, emerging-market sovereign debt and corporate bonds. In addition to investing in long positions in the diversified global bond markets, the Fund is able to use derivatives to have a negative government bond duration during periods of rising bond yields. The allocation between the different types of bond markets will provide most of the capital protection and potential gains.

The BNY Mellon Global Dynamic Bond Fund is based on the successful UK domiciled strategy, the Newton Global Dynamic Bond Fund, which has had a return of 36.41% since its launch in April 2006 *.

Newton is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than $67 billion, including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.

BNY Mellon Asset Management is the umbrella organization for BNY Mellon’s affiliated investment management firms and global distribution companies.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.