Internet safety and fraud reminder
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.
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.

Top picks

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.

International investing can unlock unique growth opportunities beyond the US market. This article explores how select global companies can enhance portfolio diversification and long-term returns.

Amid rising US-China tensions, South Korea’s tech giants stand to gain from AI-driven demand and market reforms. Walter Scott Investment Manager Conor Graham visited the country to find out more.

Some investors may be wary about the high yield bond market given recent spread tightening, but high yield companies have demonstrated remarkable resilience and structural market changes may justify tighter spreads than historically observed.
REPORTS
Task Force on Climate-Related
Financial Disclosures Entity
and Product Reports - 2023
REPORTS
Consolidated Assessment of Value Report
October 2024
Welcome to our latest Assessment of Value Report.
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.