The Two Actively Managed Thematic ETFs are
Sub-Advised by Newton Investment Management
NEW
YORK, May 17, 2023 /PRNewswire/ -- BNY
Mellon Investment Management, one of the world's largest asset
managers with $1.9 trillion in assets
under management1, today announced the launch of BNY
Mellon Women's Opportunities ETF (ticker: BKWO) and BNY Mellon
Innovators ETF (ticker: BKIV). Listed on Nasdaq, both ETFs are
sub-advised by Newton Investment Management North America, LLC
(Newton), a BNY Mellon investment firm and a leading equity and
multi-asset manager.
"This addition to our growing suite of ETFs provides investors
with access to Newton's deep experience in thematic investing,"
said David DiPetrillo, Head of North
America Distribution at BNY Mellon Investment Management. "Through
Newton's multi-dimensional research platform combined with
fundamental research and analysis, these ETFs will enable investors
to potentially benefit from themes we believe will drive economic
and societal growth and progression."
BNY Mellon Women's Opportunities ETF
The
BNY Mellon Women's Opportunities ETF invests
principally in companies that incorporate gender equitable
practices in the workplace or provide products or
services2 that enhance the ability of women to meet
their work or other personal life responsibilities and needs, such
as those relating to household responsibilities, dependent and
elder care responsibilities, and gender-specific healthcare. The
Fund is co-managed by Newton's Julianne McHugh and Miki Behr.
As part of BNY Mellon Investment Management's ongoing commitment
to gender equality, the firm has partnered with Girls Inc., the
non-profit organization that inspires all girls to be strong,
smart, and bold through direct service and advocacy. In addition,
BNY Mellon ETF Investment Adviser, LLC3, the Fund's
investment adviser, will contribute at least 10% of the management
fee4 to Girls Inc5. The BNY Mellon Foundation
will also provide grant funding to Girls Inc. and its New York affiliate, Girls Inc. of New York City, in recognition of their
impactful work that equips girls and young women to reach their
full potential.
"Gender gaps have economic impacts—if women and men participated
equally in the economy a further US$28
trillion could be added to global annual gross domestic
product by 20256," said Ms. McHugh. "We believe that
companies that support women, cultivate strong cultures, offer
attractive benefit policies in the workplace, as well as deliver
offerings which empower women, are positioned to better perform
over time."
BNY Mellon Innovators ETF
The BNY Mellon
Innovators ETF invests in innovation-driven
companies whose products and services seek to transform or disrupt
the way we live and work. The Fund invests across all market
capitalizations through a wide range of industries and sectors in
seeking to capture transformational growth opportunities over a
long-term horizon. The Fund is co-managed by Newton's chief
investment officer and head of equity, John
Porter, and Edward
Walter.
"Average company life spans have dropped sharply, with 52% of
Fortune 500 companies having disappeared in the last 15
years7. Paired with COVID, which spurred innovation and
disruption at an unprecedented rate, this provides many attractive
investment possibilities in every corner of the economy," said Mr.
Porter. "Our broad interpretation of innovation, coupled with our
institutional capabilities and deep experience of thematic
investing, means we can look at emerging opportunities in the
healthcare, information technology and consumer discretionary
sectors among others."
For more information on the BNY Mellon Women's Opportunities ETF
and BNY Mellon Innovators ETF, please visit:
www.im.bnymellon.com/etf.
About BNY Mellon Investment Management
BNY Mellon
Investment Management is one of the world's largest asset
managers, with $1.9 trillion in
assets under management as of March 31,
2023. Through an investor-first approach, BNY Mellon
Investment Management brings to clients the best of both
worlds: specialist expertise from seven investment firms offering
solutions across every major asset class, backed by the strength,
stability, and global presence of BNY Mellon.
Additional information on BNY Mellon Investment
Management is available on
www.bnymellonim.com.
BNY Mellon Investment Management is a division of BNY Mellon,
BNY Mellon is a global investments company dedicated to helping its
clients manage and service their financial assets throughout the
investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment and wealth management and investment
services in 35 countries. As of March 31,
2023, BNY Mellon had $46.6
trillion in assets under custody and/or administration, and
$1.9 trillion in assets under
management. BNY Mellon can act as a single point of contact for
clients looking to create, trade, hold, manage, service, distribute
or restructure investments. BNY Mellon is the corporate brand of
The Bank of New York Mellon Corporation (NYSE: BK). Additional
information is available on www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
About BNY Mellon ETF Investment Adviser, LLC
BNY
Mellon ETF Investment Adviser, LLC is a registered investment
adviser with U.S Securities and Exchange Commission (SEC) and
subsidiary of The Bank of New
York Mellon Corporation. BNY Mellon ETF
Investment Adviser, LLC has engaged its affiliate, Newton
Investment Management North America LLC to serve as the funds'
sub-adviser.
About Newton Investment Management
The Newton
Investment Management Group is used to collectively describe a
group of affiliated companies that provide investment advisory
services under the brand name 'Newton' or 'Newton Investment
Management'. Investment advisory services under the group of
affiliated companies: Newton Investment Management Limited
(NIM), Newton Investment Management North America LLC
(NIMNA), and Newton Investment Management Japan
Limited (NIMJ) are provided in the United Kingdom, in the United States, and in Japan respectively. NIMNA was
established in 2021 and is comprised of the equity and multi-asset
teams from an affiliate, Mellon Investments
Corporation. NIMJ was established in March 2023 and is comprised of the Japanese
equity management division of an affiliate, BNY Mellon
Investment Management Japan Limited. In the United Kingdom, NIM is authorized
and regulated by the Financial Conduct Authority
('FCA'), 12 Endeavour Square,
London, E20 1JN, in the conduct of
investment business. Registered in England no. 01371973. NIM
and NIMNA are both registered as investment
advisors with the Securities & Exchange Commission ('SEC') to
offer investment advisory services in the
United States. NIM's investment business in
the United States is described in
Form ADV, Part 1 and 2, which can be obtained from the
SEC.gov website or obtained upon request. Both firms
are indirect subsidiaries of The Bank of New York Mellon Corporation
('BNY Mellon'). With assets under management of
$103 billion as of March 31, 2023, Newton provides discretionary and
non-discretionary investment advice to institutional clients,
including U.S. and global pension funds, sovereign wealth funds,
central banks, endowments, foundations, insurance companies,
registered mutual funds, other pooled investment vehicles and other
institutions. Its office locations include London, Japan, Boston, New
York, San Francisco. News
and other information about Newton is available at
www.newtonim.com and via Twitter:
@NewtonIM.
About Girls Inc.
Girls Inc. is a network of
local organizations that works with schools and in communities
across the United States and
Canada. Through direct service and
advocacy, Girls Inc. equips girls - particularly girls from
low-income communities and girls of color - with the knowledge and
skills to effect positive changes in their lives and to become
leaders who will change the world. Professionally trained staff and
volunteers provide mentorship, safe spaces, and programming that
address the unique challenges girls face and are proven to help
girls succeed. Together with partners and supporters, Girls Inc. is
building the new generation of leaders. Join us at
girlsinc.org.
In a study by the American Institutes of Research, girls who
participate in the Girls Inc. experience demonstrated improved
academic performance, school-related behaviors, physical activity,
and leadership outcomes8. 90% of Girls Inc. girls agreed
that they will graduate from college, and 81% of girls agreed that
they could make a positive difference in their
community9.
Investors should consider the investment objectives, risks,
charges and expenses of a fund carefully before investing. To
obtain a prospectus, or a summary prospectus, if available, that
contains this and other information about a fund, contact your
financial professional or visit im.bnymellon.com. Read the
prospectus carefully before investing.
Main Risks
Equities are subject to market, market
sector, market liquidity, issuer, and investment style risks, among
other factors, to varying degrees. BNY Mellon Innovators
ETF: There can be no assurance that a company identified as an
innovation-driven company by Newton will ultimately introduce a new
product or service or that such product or service may not be
significantly delayed or have the affect Newton anticipated. The
returns on a portfolio of securities that are viewed by Newton as
innovation-driven companies may trail the returns of a portfolio
that is not limited to securities of innovation-driven companies.
Investing only in securities of innovation-driven companies may
affect the fund's exposure to certain types of investments and may
adversely impact the fund's performance depending on whether such
investments are in or out of favor in the market. The fund may
significantly overweight or underweight certain companies,
industries or market sectors, which may cause the fund's
performance to be more or less sensitive to developments affecting
those companies, industries or sectors. BNY Mellon Women's
Opportunities ETF: The fund's incorporation of Women's
Opportunities considerations into its investment approach may cause
the fund to make different investments than funds that invest
principally in equity securities but do not incorporate Women's
Opportunities considerations when selecting investments.
Under certain economic conditions, this could cause the fund to
underperform funds that do not incorporate Women's Opportunities
considerations.
The funds are non-diversified, which means that the funds may
invest a relatively high percentage of its assets in a limited
number of issuers. Therefore, performance may be more vulnerable to
changes in the market value of a single issuer or group of issuers
and more susceptible to risks associated with a single economic,
political or regulatory occurrence than a diversified
fund.
ETF shares are listed on an exchange, and shares are generally
purchased and sold in the secondary market at market price. At
times, the market price may be at a premium or discount to the
ETF's per share NAV. In addition, ETFs are subject to the risk that
an active trading market for an ETF's shares may not develop or be
maintained. Buying or selling ETF shares on an exchange may require
the payment of brokerage commissions. ETFs trade like stocks and
are subject to investment risk, including possible loss of
principal. The risks of investing in the ETF typically reflect the
risks associated with the types of instruments in which the ETF
invests. Diversification cannot assure a profit or protect against
loss.
ETFs will issue (or redeem) fund shares to certain institutional
investors known as "Authorized Participants" (typically market
makers or other broker-dealers) only in large blocks of fund shares
known as "Creation Units." BNY Mellon Securities Corporation
("BNYMSC"), a subsidiary of BNY Mellon, serves as distributor of
the ETF funds. BNYMSC does not distribute fund shares in less than
Creation Units, nor does it maintain a secondary market in fund
shares. BNYMSC may enter into selected agreements with Authorized
Participants for the sale of Creation Units of fund shares.
This press release is qualified for issuance in the U.S. only
and is for informational purposes only. It does not constitute an
offer or solicitation of securities or investment services or an
endorsement thereof in any jurisdiction or in any circumstance in
which such offer or solicitation is unlawful or not authorized.
This press release is issued by BNY Mellon Investment Management to
members of the financial press and media and the information
contained herein should not be construed as investment advice.
Not FDIC-Insured | No Bank Guarantee | May Lose Value
© 2023 BNY Mellon Securities Corporation, distributor, 240
Greenwich Street, 9th Floor, New York,
NY 10286
Media Contact
Sue
Watt
U.S. Communications Manager
Sue.Watt@bnymellon.com
+1 212-815-3757
1 AUM as of March 31,
2023.
2 Products and
services include, among others, women's health orientated products
and services (e.g., breast health, obstetrics, gynecological care,
osteoporosis imaging and management), infant nutrition, elder and
childcare operators, healthy prepared meal delivery services,
employment placing services and employment retraining
services.
3 And/or certain of its
affiliates.
4 Paid by
the fund to BNY Mellon ETF Investment Adviser, LLC after any fee
waivers and/or expense reimbursements by the
Adviser.
5 The fund's adviser
intends to make financial contributions to one or more charitable
or non-profit organizations which seek to promote the development,
advancement and/or leadership of women and/or
girls.
6 McKinsey Global
Institute. "Ten things to know about gender equality" September 21, 2020.
7
Innosight; Statista estimates. CBInsights, published
May
2021.
8 The Impact of Girls
Inc. on Academic and Behavioral Outcomes. American Institutes for
Research, 2020.
9 Annual Girls
Inc. Strong, Smart, and Bold Outcomes Survey, 2022.
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SOURCE BNY Mellon Investment Management