The fund is a world allocation fund with an emphasis on global absolute return managed by Newton Capital Management Limited, a BNY Mellon Asset Management boutique, which specializes in global and regional equities and bonds, as well as multi-asset and absolute return funds.
According to the announcement, the Dreyfus Global Real Return Fund seeks total return, consisting of capital appreciation and income. It uses an actively-managed multi-asset strategy to produce absolute or real returns with less volatility than major equity markets over a complete market cycle, typically a period of five years. The fund is not managed to a benchmark index; it seeks to provide returns that are largely independent of market moves.
The fund allocates its investments among global equities, bonds and cash, and, generally to a lesser extent, other asset classes, including real estate, commodities, currencies and alternative or non-traditional asset classes and strategies by investing in securities and through derivative instruments.
James Harries, the fund’s primary portfolio manager, is Director of Investment, Global Funds, at Newton.
“For investors interested in an actively managed fund that is not managed to a benchmark and that seeks to provide returns independent of market moves, Dreyfus Global Real Return Fund is structured with the latitude and flexibility to seek real returns,” said Jon Baum, chairman and CEO of The Dreyfus Corporation, in the announcement.