Dreyfus has launched the Dreyfus Total Emerging Markets Fund, which will invest in equities, bonds and currencies. The fund will be managed by investment boutiques of Dreyfus parent company BNY Mellon Asset Management, with Standish Mellon Asset Management running the fixed income and currencies portion of the portfolio and The Boston Company Asset Management running the equities portion.

Rather than deciding on the overall asset allocation split and then managing the equity and fixed income portions separately, the two asset managers will work together to assess individual emerging markets nations and what asset allocation to make in each.

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