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News , new etf , etf , etfs , BNY ETFs

BNY Mellon ETFs

By Bernie Thurston
February 27, 2020

USA

BNY Mellon enters the US market

BNY Mellon’s long-awaited ETF businesses is going live next week, with its first eight ETFs set to begin trading on the NYSE on Wednesday.

 As part of its opening foray, the company is listing five equity and three bond ETFs – each of which targets highly competitive “core” sections of the market.  

 

BNY Mellon US Large Cap Core Equity ETF BKLC
BNY Mellon US Mid Cap Core Equity ETF BKMC
BNY Mellon US Small Cap Core Equity ETF BKSE
BNY Mellon International Equity ETF BKIE
BNY Mellon Emerging Markets Equity ETF BKEM
BNY Mellon Core Bond ETF BKAG
BNY Mellon Short Duration Corporate Bond ETF BKSB
BNY Mellon High Yield Beta ETF BKHY

 

The funds are all market weighted. The equity ETFs track indexes from Morningstar, while the bond ETFs track Bloomberg indexes.

 

The prospectus does not state fees. However if the funds are to have any chance of holding assets they’ll have to be very cheap.

 

BNY Mellon went on an ETF specialist hiring spree in mid-2019, poaching ETF specialists from rival companies such as JP Morgan. More BNY Mellon ETFs are expected to list later this year.

 


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