Dreyfus Launches New Emerging Markets Fund

The fund is an actively managed mutual fund that seeks to create a portfolio comprised of the most attractive opportunities in emerging markets equities, bonds and currencies.  To pursue its goal, Dreyfus Total Emerging Markets Fund normally invests at least 80% of its assets in the securities of emerging market issuers and other investments that are tied economically to emerging market countries, according to the announcement.    

Dreyfus, the fund’s investment adviser, will use the combined investment strategy employed by Dreyfus portfolio managers who are dual employees of Standish Mellon Asset Management Company LLC and The Boston Company Asset Management, LLC (TBCAM), both investment boutiques of BNY Mellon Asset Management.  The fund’s portfolio managers responsible for the fund’s equity investments and those responsible for fixed income investments will share asset allocation and country selection decisions.