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Bank Of New York Mellon's Latest Buys: 2 Potential Longs, 1 To Avoid
Posted February 3, 2012
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Gerald L. Hassell
By Lalit Sharma
The Bank of New York Mellon Corporation (BNY) manages over $78bn in equities through its investment arm BNY Mellon Asset Management. The firm caters to high net-worth individuals, nonprofit organizations and government agencies.
BNY's Investment Approach: BNY Mellon Asset Management offers various strategies and mandates, utilizing a multi-boutique platform that emphasizes specializations among various autonomous teams. The firm's investment coverage spans from active, traditional to alternative investing. BNY Mellon Asset Management employs different investment styles and invests on a global basis. An investment policy committee is responsible for establishing a fundamental economic outlook, general investment strategy, and asset allocation recommendations. The firm's sub-advisory relationships enable it to gain exposure in specialized markets.
As of last quarter, over 80% of the firm's portfolio was deployed in large and mega-cap stocks. With respect to style allocation over 40% of the equity portfolio was value investment, ~25% was growth, ~15% was GARP and remaining was deployed in other investment styles READ FULL ARTICLE HERE
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