BNY Mellon Investment Management has launched BNY Mellon Global Infrastructure Income ETF, its 15th exchange-traded fund (ETF) and its seventh active ETF offering.
The BNY Mellon Global Infrastructure Income ETF provides exposure to traditional and non-traditional infrastructure stocks while 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.
“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,” said James Lydotes, deputy CIO of equities and head of equity income at Newton Investment Management North America, which sub-advises the ETF. “Infrastructure is