Dreyfus Global Equity Income Fund Reaches 5-Year Milestone with Consistent First Quartile
Performance for 1-, 3- and 5-Year Periods
Newton's Nick Clay Named as Additional Portfolio Manager on Fund
NEW YORK, November 26, 2012 - Dreyfus Global Equity Income Fund, sub-advised by Newton,* reached its fifth year of operation with consistent first quartile Lipper total return performance rankings for the 1-, 3-, and 5-year periods ended 10/31/12.**
"Newton uses a global thematic approach to investing which allows them to take a long-term view and not get sidetracked by the daily noise in the markets," said Dreyfus Chairman and CEO Jonathan R. Baum. "This thematic approach mixed with fundamental research and bottom-up stock selection has allowed Newton to generate strong, long-term relative returns for investors with lower risk characteristics relative to its benchmark*** all while providing a dividend yield," Baum continued.
Launched in 2007, Dreyfus Global Equity Income Fund offers investors international exposure by investing a majority of its assets in dividend-paying stocks of developed markets, such as the United States, Canada, Japan, Australia, Hong Kong and Western Europe. The dividend-paying stocks in the fund's portfolio provide the fund with growth potential from stock price increase and stock dividend payments.
"U.S. investors have traditionally looked to domestic stocks to fill their equity income investing needs," Baum said. "Last year more than 85% of world stocks with a dividend yield of 3% or greater were located outside the US.**** There is great opportunity by looking globally for dividends," Baum concluded.
In late October Nick Clay was appointed as a portfolio manager on the Fund, joining lead manager James Harries who has managed the Fund since inception. With more than two decades of investment experience, 12 of which are at Newton, Nick Clay manages global equity and multi-asset portfolios at Newton. Clay is also a member of Newton's operating committee and the investment risk group. Prior to joining Newton in 2000, Clay was a UK equities manager at Morley Fund Management and was an analyst at Sun Alliance.
Dreyfus Global Equity Income Fund's investment adviser is The Dreyfus Corporation ("Dreyfus"). Newton Capital Management Limited ("Newton") serves as the fund's sub-investment adviser. Both Dreyfus and Newton are part of BNY Mellon Investment Management. Please see link below for additional information on Dreyfus Global Equity Income Fund.
- ends -
Notes to Editors:
The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading investment management and distribution companies, currently managing approximately $400 billion in mutual funds and separately managed accounts.
Newton* is a London-based global asset management subsidiary of The Bank
Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Contact your financial advisor to receive a prospectus that contains this and other information about the fund, and read it carefully before investing.
Any investment products or services mentioned here are not insured by the FDIC (or any other state or federal agency), are not deposits of or guaranteed by any bank, and may lose value.
There is no guarantee that dividend-paying companies will continue to pay, or increase, their dividend.
Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees.
Investing internationally involves special risks, including changes in currency exchange rates, political, economic, and social instability, a lack of comprehensive company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries than with more economically and politically established foreign countries.