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BNY Mellon Global Income Class U - Accumulation (GBP)

Sell:379.93p Buy:379.93p Change: 2.74p (0.72%)
Prices as at 26 June 2026
Sell:379.93p
Buy:379.93p
Change: 2.74p (0.72%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 26 June 2026
Sell:379.93p
Buy:379.93p
Change: 2.74p (0.72%)
Prices as at 26 June 2026
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

The BNY Mellon Global Income fund aims to grow income and capital over the longer term by investing in companies from around the world. The fund managers invest in companies with dividend yields that are higher than the wider market, and which the team believe are durable – though of course no dividends are guaranteed. This typically leads them to invest in more 'value' stocks which means the fund could work well alongside 'growth' orientated funds. It could also provide global diversification to an income-focused portfolio.

We like that the fund managers are incentivised in a way that aligns their interests with those of long-term investors. That said, there have been some significant fund manager departures in recent years, and we hope the current team will provide some stability for investors.

Our view on the sector

Equity income funds are popular with investors. Most try to generate a rising income, and increase the value of your original investment, over the long term. The income can be paid out, or reinvested to boost long-term growth. Equity income funds have traditionally focused on the UK, and there's still a strong case for UK equity income. But there's a growing case for investing globally for income too. The number of companies outside the UK offering high and rising dividends has increased rapidly. And exposure to foreign currencies will boost returns if sterling weakens, like it did after the UK voted to leave the European Union in 2016, but the reverse is true if sterling strengthens.

Performance Analysis

Since Robert Hay and Jon Bell became managers of the fund in April 2020, it’s performed better than the average peer in the IA Global Equity Income sector. However, other fund managers have provided input into the fund’s decision-making during most of this time, meaning performance shouldn’t be completely attributed to Hay and Bell.

Investment Philosophy

The managers believe that the best way to achieve long-term growth is through the compounding effect of reinvesting dividends over time. They have a strict buy and sell discipline and any company considered for the fund must have shares that yield at least 25% more than the fund’s benchmark - the FTSE World Index. If the yield falls below that level, the company must be sold.

Process and Portfolio Construction

The team aims to avoid companies with higher yields that might not be sustainable into the future. As a result, they invest in ‘quality’ companies which have a dominant market position, sensible balance sheets, and can generate cash. They must also understand how companies might benefit or struggle to adapt to an ever-evolving society. The managers assess if these businesses are supported by thematic tailwinds like changing demographics or the transition to renewable energy. They model a wide range of possible scenarios and try to invest where they believe there is attractive potential returns on offer which outweigh the risks.

The fund typically contains around 60 companies. Most of the fund invests in developed markets. It also invests in some higher-risk emerging markets, such as Taiwan, but this is a small part of the fund. Fund charges are taken from capital, which can increase the yield but reduces the potential for capital growth. The managers also have the flexibility to use derivatives, which can increase risk.

question mark Manager Track Record Based on HL Quantitative Research

  • BNY Mellon Global Equity Income...
  • BNY Mellon Global Income GBP Inc
  • IA Global Equity Income
FROM: TO:


Source: Refinitiv Lipper

Fund Track Record

26/06/21 to 26/06/22 26/06/22 to 26/06/23 26/06/23 to 26/06/24 26/06/24 to 26/06/25 26/06/25 to 26/06/26
Annual return 6.58% 9.70% 7.64% 7.96% 28.51%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

manager photo
Manager Name: Robert Hay
Manager start date: 1 January 2015
Manager located in: London

Robert is a portfolio manager of the Newton Global Equity Income strategy. Robert began his career in the private client investment division at Newton in 2000 and has managed a variety of global equity mandates. Robert has an MA from Edinburgh University, a Master's in European Business from the EAP European School of Management in Paris and is a CFA charterholder. Outside of work, Robert enjoys spending time with his family, the great outdoors and travelling. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

manager photo
Manager Name: Jon Bell
Manager start date: 1 January 2015
Manager located in: London

Through his tenure at Newton, Jon has led both the global equity and multi-asset strategies and been responsible for a number of multi-asset and global equity portfolios. As well as his extensive investment roles at the firm, he has also spent time as a member of the commercial team involved in discussing client portfolios and tailoring strategies to meet client requirements. He sits on Newton's investment risk oversight groups. Jon joined the Newton equity income strategy in March 2020, and is responsible for both core and sustainable global equity income strategies. Jon joined Newton in 1995 and has a degree in natural sciences from Cambridge University.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now