BNY Mellon Investment Management has announced the launch of the BNY Mellon Global Infrastructure Income ETF (ticker: BKGI).
The ETF, which is listed on Cboe Global Markets, is sub-advised by Newton Investment Management North America, LLC (Newton), a BNY Mellon investment firm and leading equity and multi-asset manager with a long track record of investing experience.
The BNY Mellon Global Infrastructure Income ETF provides exposure to traditional and non-traditional infrastructure stocks while also seeking to deliver quarterly income through a global equity portfolio. The fund’s traditional infrastructure set includes energy, industrials and utilities, and its non-traditional infrastructure consists of communications, health care and real estate. The fund’s dual mandate looks to provide exposure to listed infrastructure while targeting an annualized gross forward-looking 12-month yield of 6 per cent or more for its portfolio.
The BNY Mellon Global Infrastructure Income ETF is managed by Newton’s Deputy Chief Investment Officer of Equities and Head of Equity Income, James Lydotes, CFA, and the firm’s Head of Global Equity Research, Brock Campbell, CFA.
“A key differentiator for infrastructure assets compared to other assets is their historic predictability and stability through market cycles as there is a constant need for these services, such as water, electricity, hospitals, and telecommunication, to name a few,” says Lydotes. “Infrastructure is a diverse asset class that aligns with global societal trends and growth demands, such as increasing broadband access via 5G, energy transition, and supporting an aging population through senior living and acute care. We believe infrastructure assets can provide growth potential as well as regular income, and potential equity diversification for clients.”
“We are pleased to offer our clients the BNY Mellon Global Infrastructure Income ETF as the newest offering in our growing suite of ETFs. This addition highlights our continued commitment to providing innovative, outcome-orientated strategies through versatile vehicles,” says Andy Provencher, Head of North America Distribution at BNY Mellon Investment Management. “Through leveraging the capabilities, knowledge and expertise of Newton in equity investing, we’re able to provide a differentiated infrastructure approach for our clients.”
The BNY Mellon Global Infrastructure Income ETF becomes BNY Mellon Investment Management’s 15th ETF and its seventh active ETF offering.
