BNY Mellon unveils offshore Global Equity Higher Income fund

The BNY Mellon Global Equity Higher Income fund will be based around Harries' existing £1.2bn strategy, which typically holds between 60 and 80 positions and follows a strict dividend yield discipline. Any new position must yield 25% more than the FTSE World at the time of purchase, while stocks which start to yield less than the FTSE World will be automatically sold. The fund aims to achieve increasing annual distributions alongside long-term capital growth, with quarterly payouts. "This fund offers investors a genuine opportunity to diversify their equity income investments into ...