- The Fund primarily invest in equity securities and convertible bonds of companies globally and would focus on companies
which have strong fundamentals and meet the yield criteria set by the investment manager.
- The Fund investment portfolio may fall in value and there is no guarantee of the repayment of principal.
- The Fund has no market capitalization limitation. The Fund may invest in smaller companies which are likely to be more
volatile in share prices and less liquid than larger companies.
- The Fund’s investment in emerging markets may subject to risks of (i) social, political and economic instability; (ii) lack of
liquidity; (iii) higher price volatility; (iv) national policies restrictions; (v) less developed legal structures; (vi) currency risks/
control, settlement risks and custody risks.
- The Fund may use derivatives for hedging, efficient portfolio management (EPM) and investment purposes which may be
volatile, involve special risks such as risk of disproportionate loss due to leverage, counterparty/credit risk, liquidity risk
and valuation risks.
- The Fund may pay dividend effectively out of capital, which amounts to a return or withdrawal of part of an investor’s
original investment or from any capital gains attributable to those original investments. Any such distributions may result
in an immediate reduction of the Net Asset Value per share.
- Investors should not rely solely on this document to make investment decision. Please read the offering documents
carefully for further details including risk factors.
The case for equity income
Dividend-paying companies may be considered defensive due to their resilience, a quality that becomes apparent, mainly when markets fall or economic growth slows, and inflation rises. In contrast to fixed income, dividends of companies with pricing power or dividends from companies that benefit from inflation more likely to increase dividends, which may make dividend-distributing stocks a relatively favourable investment in an inflationary environment.
Concentrated portfolio that targets dividend payouts
We adopt a highly committed, active-management approach focusing on sustainable returns based on our strict buy and sell discipline. The discipline of our investment process results in a portfolio that typically contains 40 to 70 stocks.
* Please note that the Fund is not aiming to incorporate ESG factors as its key investment focus and, as such, does not constitute an ESG fund pursuant to the Circular to management companies of SFC-authorized unit trusts and mutual funds - ESG funds issued by the SFC on 29 June 2021.
Past performance is not indicative of 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.
This material is for retail investors and is not intended as investment advice. Investment involves risk. Past performance is not a guide to future performance. The offering document of the Fund (s) and the Key Facts Statements (KFS) should be read for further details, including the risk factors, in particular (where relevant) those associated with investments in emerging markets or using financial derivative instruments for investment purposes. Past performance information presented is not indicative of future performance. Investment returns may be exposed to exchange rate fluctuations. The value of investments may go down or up. This document has not been reviewed by the Securities and Futures Commission. You should not rely on this document alone to make investment decisions. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. This document may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorized. This material should not be published or distributed without due authorization from issuer. No warranty is given as to the completeness of this information and no liability is accepted for omissions in such information. The Fund is a sub-fund of BNY Mellon Global Funds, plc (BNY MGF), an open-ended investment company with variable capital (ICVC) with segregated liability between sub-funds. Incorporated with limited liability under the laws of Ireland and authorized by the Central Bank of Ireland as a UCITS fund. The Fund may not be registered for sale in some markets.
In Hong Kong, the issuer of this document is BNY Mellon Investment Management Hong Kong Limited, which is registered with the Securities and Futures Commission (Central Entity Number: AQI762). This document has not been reviewed by the Securities and Futures Commission. Information in this document is subject to change without notice. To the extent permitted by applicable laws, rules, codes and guidelines, BNY Mellon Investment Management Hong Kong Limited accepts no liability whatsoever whether direct or indirect that may arise from the use of or reliance on the information contained in this document. The information has been provided without taking into account the investment objective, financial situation or needs of any particular person. To the extent permitted by applicable laws, rules, codes and guidelines, BNY Mellon Investment Management Hong Kong Limited and its affiliates are not responsible for any subsequent investment advice given based on the information supplied. BNY Mellon Investment Management Hong Kong Limited and any other BNY Mellon entity mentioned are ultimately owned by The Bank of New York Mellon Corporation.