BNY Mellon Investment Management cuts DGF fees to further grow DC business

Jonathan Stapleton
clock • 1 min read

BNY Mellon Investment Management has cut the charges of one of its key diversified growth funds in a bid to expand its presence in the defined contribution (DC) investment market.

The asset management group has rebranded Newton Investment Management's Phoenix Multi-Asset Fund as the Newton Multi-Asset Diversified Return Fund and cut the annual management charge from 0.75% to...

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