Dreyfus Funds Earn Lipper Awards
Two of BNY Mellon's Dreyfus Funds Named "Best-in-Class" in their Category for
Select Time Periods
NEW YORK, March 18, 2013
NEW YORK, March 18, 2013 /PRNewswire/ -- The Dreyfus Corporation*, part of BNY
Mellon Investment Management, today announced that two Dreyfus funds were
named the best funds in their categories for stated time periods at the 2013
Lipper Fund Awards.
Fund* Lipper Classification Winner (Time
Dreyfus Global Equity Income Fund, Class Global Equity Income 3 yrs.
I (Newton) Fund (out of 47 funds)
Dreyfus International Bond Fund, International Income
Funds (out of 63 funds) 5 yrs.
Class I (Standish)
"Lipper's recognition of these best-in-class funds underscores the expertise
of Newton and Standish investment professionals that respectively manage each
fund," said Dreyfus President Charles Cardona. "Due to its 'global' approach
to researching and selecting dividend paying stocks, Dreyfus Global Equity
Income Fund has been able to capture favorable income yielding opportunities
among stocks worldwide and reward investors with highly competitive total
returns over the last three years. The Dreyfus International Bond Fund
strives to provide consistent returns in various market environments through
an emphasis on sector rotation, broad market exposure and active currency
management, as well as vigorous risk management," Cardona continued.
"Dreyfus provides unique access to 16 world-class asset managers, including
our Newton and Standish affiliates, making institutional investment expertise
available to retail investors," Cardona concluded. "These Lipper awards
help demonstrate that excellent investment performance is BNY Mellon
Investment Management's number one priority."
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 for a fund's latest
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.
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
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
Investments in foreign currencies are subject to the risk that those
currencies will decline in value relative to the U.S. dollar, or, in the case
of hedged positions, that the U.S. dollar will decline relative to the
currency being hedged. Each of these risks could increase the fund's
** Source: Lipper, a Thomson Reuters company. Based on period ended November
30, 2012. 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 Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence,
a global family of awards that celebrate exceptional performance throughout
the professional investment community. 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 also include the Extel Survey Awards, the StarMine
Analyst Awards, and the StarMine Broker Rankings. For more information, please
contact email@example.com or visit
*The Dreyfus Corporation is a subsidiary of BNY Mellon and investment adviser
to the Dreyfus Global Equity Income Fund and the Dreyfus International Bond
Fund. Dreyfus has engaged Newton, a Dreyfus affiliate, to serve as
sub-adviser to manage Dreyfus Global Equity Income Fund and manage its
investment portfolio on a daily basis.
Portfolio managers from Standish Mellon Asset Management Company LLC, a
Dreyfus affiliate, manage Dreyfus International Bond Fund pursuant to a
dual-employee relationship with Dreyfus, applying Standish's proprietary
investment process to the fund.
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 $260 billion in mutual funds and
separately managed accounts. MBSC Securities Corporation, distributor.
Newton is a London-based global asset management subsidiary of The Bank of New
York Mellon Corporation and part of BNY Mellon. With assets under management
of more than £52 billion* including assets managed by Newton Investment
Management Limited as dual officers of Newton Capital Management Limited and
The Bank of New York Mellon, Newton's group of affiliated companies provides a
broad range of award-winning investment products and services to individuals,
pension funds, charities and corporations. News and other information about
Newton is available at www.newton.co.uk or follow us on Twitter @NewtonIM. *As
at 31 January 2013
Standish Mellon Asset Management Company LLC, with approximately $167 billion
as of January 1, 2013 (all other BNY Mellon AUM numbers are as of December 31,
2012) of assets under management, provides investment management services
across a broad spectrum of fixed income asset classes. These include corporate
credit, emerging markets debt (dollar-denominated and local currency), core /
core plus, tax–sensitive, short duration, stable value and opportunistic (U.S.
and global) strategies. Standish also offers full service capabilities in
insurance client strategies and liability driven investing. The firm includes
assets managed by Standish personnel acting as dual officers of The Dreyfus
Corporation and The Bank of New York Mellon and Alcentra NY, LLC personnel
acting as dual officers of Standish.
BNY Mellon Investment Management is one of the world's leading investment
management organizations and one of the top U.S. wealth managers, with $1.4
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 36 countries and more than 100 markets. As of December
31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or
administration, and $1.4 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
All information source BNY Mellon as of December 31, 2012. 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.
SOURCE BNY Mellon; Standish Mellon Asset Management Company LLC; BNY Mellon
Investment Management; Newton; The Dreyfus Corporation
Contact: Patrice M. Kozlowski, +1-212-922-6030, firstname.lastname@example.org
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