The Bank of New York’s BNY Global Transition Management business has introduced an asset management solution to help its clients minimize risk and maximize the short-term investment potential of funds during a shift in asset allocation or overall portfolio strategy. According to a press release, the new solution provides clients with an array of passively managed collective trust funds, including nine equity funds based on Russell indexes and one fixed-income fund based on the Lehman Aggregate Bond Index. The funds are managed by BNY Asset Management.
Bank Of New York Adds Money Market Funds To Its Transition Management Service
The Bank of New York's BNY Global Transition Management business has introduced an asset management solution to help its clients minimize risk and maximize the short term investment potential of funds during a shift in asset allocation or overall portfolio