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Recently, we have become aware of instances of unauthorized use of our brand names (such as BNY) and/or the impersonation of BNY’s leadership and employees by third parties purporting to offer financial services and requesting personal identification and banking information on social networks (e.g., Facebook), messaging applications (e.g., WhatsApp and Telegram), e-mails or telephone calls. These schemes are in no way associated with, licensed, sponsored or endorsed by BNY or its affiliates – BNY does not and will not solicit business or payment (in any form) through social networks, messaging applications, or telephone calls.
FIXED INCOME
Fixed Income can deliver on a broad range of outcomes from providing an income stream, as a diversifier of risk or to deliver on responsible investing objectives.

2025 Q2 MACRO OUTLOOK
Vantage Point: Tariff turbulence
The US economy faces new challenges amidst trade tensions, market volatility, and shifting policies. Europe and China, though affected by US trade policy uncertainty, show resilience thanks to lower starting valuations and fiscal support.
Our most likely scenario sees economic turbulence impacting equities and earnings but avoiding a recession. Read the latest Vantage Point below for more.


The investment firm reflects on markets of the past five years and the impact this has had on Walter Scott clients, and outlines its intentions and strategies for the future…

Market volatility shows no signs of reducing. Insight Investment believes this presents opportunities for absolute return bond strategies that aim to generate positive returns regardless of the market environment.

The Bloomberg Global Aggregate Bond Index’s scale is vast, encompassing more than 30,000 securities from more than 3,100 issuers and with a market capitalisation of over $50 trillion . Here, we explore why it’s the premier choice for bond investors.

The U.S. and China announced a deal to reduce tariff rates for 90 days, starting May 14, 2025. The truce is encouraging and should be positive for risk assets in the near term. However, the global tariff rate is still much higher than before President Trump took office for his second term and will likely lead to a significant slowdown in growth.
The value of investments can fall. Investors may not get back the amount invested.
Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.