LONDON, 11 February 2013 — BNY Mellon today confirmed the addition of six new RDR-ready sub-funds to its BNY Mellon Investments UK wholesale funds range. The funds, which are managed by Insight Investment, draw on Insight’s investment expertise to reinforce BNY Mellon’s on-going commitment to providing the highest and broadest range of investment strategies to UK intermediaries.

As announced in November 2012, Insight and BNY Mellon have been working together to define how they can best serve clients in the UK Wholesale marketplace. As a result, they have developed a range of new funds to provide investors with a best-of-breed offering in key areas of fixed income, absolute return, multi-asset and equity income. The new range brings Insight’s core strengths to the UK Wholesale market, and complements BNY Mellon’s existing range of retail funds.

The new RDR-ready fund range aimed at the retail market will consist of:

•  Insight Strategic Bond Fund, managed by Adam Mossakowski, with active support from Peter Bentley and the fixed income team.
• Insight Inflation-Linked Corporate Bond Fund, managed by David Hooker and Adam Mossakowski.
• Insight Global Multi-Strategy Fund, managed by Steve Waddington, Matthew Merritt and the multi-asset strategy team.
• Insight Global Absolute Return Fund, managed by Steve Waddington, Matthew Merritt and the multi-asset strategy team.
• Insight Equity Income Booster Fund, managed by Tim Rees. Option overlay process controlled by Takis Anastassopoulos.
• Insight Equity Income Fund, managed by Tim Rees.

In addition to the six new funds, BNY Mellon Fund Managers Limited, the authorised corporate director for the BNY Mellon Investment Funds range has become the authorised corporate director (ACD) of Absolute Insight (NURS), now a sub-fund of BNY Mellon Managed Funds II (formerly, Insight Investment Funds-of-Funds II ICVC) which continues to be managed by Insight and the track record remains.

Scott Goodsir, BNY Mellon’s Head of UK Wholesale, comments: “These new funds are designed to capitalise on Insight’s core investment expertise in fixed income, absolute return, multi-asset and equity income-based strategies. BNY Mellon and Insight believe the proposals are vital to provide investors with access to appropriate investment products in the new world post RDR. The proposed new range of Insight-managed funds are expected to provide investors with a best-of-breed offering across key investment strategies, aiming to complement BNY Mellon’s existing range of funds targeted at the UK Wholesale market.” Sarah Aitken, Head of Distribution at Insight Investment adds: “We very much hope that the introduction of these new funds is just the beginning of a new wholesale distribution partnership with BNY Mellon. We will build from here and continue to look for opportunities to bring the best of Insight’s institutional investment capabilities to UK wholesale investors.”

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.7 trillion in assets under custody and administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

Insight Investment is a leading asset manager focused on designing investment solutions to meet our clients’ needs. Launched in 2002, Insight is responsible for assets under management of £229bn ($370bn) across absolute return, fixed income, liability-driven investment, cash management, multi-asset and specialist equity strategies.More information about Insight Investment can be found at www.insightinvestment.com.

All other information source BNY Mellon as of 31 December, 2012. This press release is qualified for issuance in the UK and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Services Authority. A BNY Mellon Company.

¹Assets under management are represented by the value of cash securities and other economic exposure managed for clients. Assets under management figure represents the combined assets under management of Insight Investment Management (Global) Limited and Pareto Investment Management Limited, which became part of the Insight group on 1 January 2013. Data as at 31 December 2012.