Dreyfus Launches Global Dynamic Bond Fund

Dreyfus has launched the Dreyfus Global Dynamic Bond Fund, a dynamically managed fund that seeks both capital appreciation and income  by investing in bonds, currencies, derivatives and other instruments that provide exposure to these asset classes. The fund has no investment constraints and is not managed to a benchmark index. Rather, it seeks to deliver positive returns regardless of market moves.

Dreyfus will serve as the investment advisor to the fund, which will be sub-advised by affiliate Newton Capital Management. The two co-managers of the fund are Howard Cunningham, head of the fixed income team at Newton, and Jonathan Day, who together have more than 60 years of experience.

“We believe that it is important that it is important that a fixed income manager have the flexibility to seek to capture returns opportunistically as and when they arise, particularly with the uncertainty in today’s marketplace,” said Dreyfus Chairman and CEO Jon Baum. “Dreyfus Global Dynamic Bond Fund provides that flexibility. Focused on generating absolute returns across economic cycles, the fund aims to capture different sources of global bond and currency returns in a single portfolio.”