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Drefus Phil Maisano

Dreyfus launches Brazil equity fund


Dreyfus, part of BNY Mellon Asset Management, has launched the Dreyfus Brazil Equity Fund, one of the first mutual funds of its kind in the US.

"Focused solely on Brazil with ‘boots on the ground’ active Brazil portfolio management, Dreyfus Brazil Equity Fund will seek to capture the Brazilian growth story," says Phil Maisano (pictured), vice chairman and chief investment officer for Dreyfus and chief investment strategist for BNY Mellon Asset Management.

BNY Mellon ARX Investimentos, a wholly-owned subsidiary of BNY Mellon, is the fund’s sub-investment adviser and is headquartered in Brazil.

Dreyfus Brazil Equity Fund seeks long-term capital growth by investing at least 80 per cent of its assets in equity securities of companies that have their registered office in Brazil; whose principal trading market is in Brazil; or that have a majority of their assets, or profits derived from businesses, investments or sales, in Brazil.

The fund seeks investment opportunities in companies with sustainable earnings, attractive valuations and high dividend yields that indicate the potential for strong sustainable capital growth.

BNY Mellon ARX constructs the fund’s portfolio through a combination of quantitative and fundamental bottom-up research, and an understanding of local/regional macroeconomic trends.

The fund may invest in the stocks of companies of any size, although it focuses on large and mid-cap companies with market capitalizations of USD2bn or more at the time of purchase.

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