NEW YORK, March 21, 2014 /PRNewswire/ -- The Dreyfus Corporation*, part of BNY Mellon, today announced that two funds were named the best funds in their categories for stated time periods at the 2014 Lipper Fund Awards.
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Fund (Adviser)*
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Lipper Classification
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Winner (Time Period)**
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BNY Mellon NY Intermediate Tax-
Exempt Bond Fund, M Shares
(BNY Mellon Fund Advisers)
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NY Intermediate Municipal Debt Funds (out of 27 funds)
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10 yrs.
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Dreyfus Global Equity Income Fund, Class I (Newton)
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Global Equity Income Fund (out of 46 funds)
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5 yrs.
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"Delivering consistent, outstanding performance for our investors has been part of our companies' goal since inception," said Dreyfus President Charles Cardona. "Importantly, both the BNY Mellon NY Intermediate Tax-Exempt Bond Fund and Dreyfus Global Equity Income Fund have achieved best-in-class awards in their respective categories for longer time periods, indicating their attractiveness for long-term investors," Cardona continued.
"Lipper's recognition of these funds helps demonstrate that excellent investment performance is BNY Mellon Investment Management's number one priority," Cardona concluded.
Past performance is no guarantee of future results. Yield, share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. Go to dreyfus.com and www.bnymellon.com/bnymellonfunds for a fund's latest month-end returns.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. Contact your advisor to obtain a prospectus that contains this and other information about the funds. Read it carefully before investing. Other share classes will have achieved different results. Class I shares are only available to eligible investors. Class M shares are generally offered only to Wealth Management Clients of BNY Mellon that maintain qualified fiduciary, custody, advisory or other accounts with various affiliates of BNY Mellon.
Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees.
Bond funds are subject generally to interest rate, credit, liquidity and market risks, to varying degrees, all of which are more fully described in the fund's prospectus. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes, and rate increases can produce price declines.
Investing internationally involves special risks, including changes in currency exchange rates, political and economic instability, less market liquidity, lack of comprehensive company information, and differing auditing and legal standards. Emerging markets tend to be more volatile than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries.
** Source: Lipper, a Thomson Reuters company. Based on period ended November 30, 2013. Lipper Fund Awards recognize funds that have excelled in delivering consistently strong risk-adjusted performance, relative to their peers, for the 3-, 5- and 10-year periods, as determined by having achieved the highest Lipper Leader for Consistent Return value within each eligible classification over an individual time period. Lipper Fund Awards and Lipper Leaders for Consistent Return may be the best fit for investors who value a fund's year-to-year consistency relative to other funds in a particular peer group. Investors are cautioned that some peer groups are inherently more volatile than others, and even Lipper Leaders for Consistent Return in the most volatile groups may not be well suited to shorter-term goals or less risk-tolerant investors. For a detailed explanation, please review the Lipper Fund Award and Lipper Leaders methodology documents on www.lipperweb.com.
The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence include the Lipper Fund Awards, the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com.
*The Dreyfus Corporation is a subsidiary of BNY Mellon and investment adviser to each fund. Dreyfus has engaged Newton Capital Management Limited, a Dreyfus affiliate, to serve as sub-adviser to provide day-to-day portfolio management for Dreyfus Global Equity Income Fund. The BNY Mellon New York Intermediate Fund is managed by Dreyfus' BNY Mellon Fund Advisers division. Dreyfus and Newton are BNY Mellon subsidiaries.
Notes to Editors:
The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading asset management and distribution companies currently managing more than $290 billion in mutual funds and other cash management vehicles.
The Newton Group refers to the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited, Newton Capital Management LLC, and Newton Fund Managers (CI) Limited. Except for Newton Capital Management Limited and Newton Capital Management LLC, none of the other Newton companies offer services in the U.S.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.
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 management and investment services in 35 countries and more than 100 markets. As of December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration, and $1.6 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, or follow us on Twitter @BNYMellon.
Unless otherwise noted, all information source BNY Mellon as of Dec. 31, 2013. This press release is qualified for issuance in the US only and is for information 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. Past performance is not a guide to future performance. A BNY Mellon Company.
MBSC Securities Corporation, distributor.
Contact: Patrice M. Kozlowski
+1 212-922-6030
kozlowski.pm@dreyfus.com
SOURCE BNY Mellon; Dreyfus