Bank New York Mellon Corp Stock Price, News & Analysis

BNY Mellon Investment Management has launched three new actively managed sustainable ETFs: BNY Mellon Sustainable US Equity ETF (BKUS), BNY Mellon Sustainable International Equity ETF (BKIS), and BNY Mellon Sustainable Global Emerging Markets ETF (BKES), all listed on the NYSE on December 15, 2021. These ETFs aim to provide long-term growth while focusing on sustainable business practices. The funds are sub-advised by Newton Investment Management and mark BNY Mellon's expansion in the active ETF market, which now includes eight actively managed ETFs in total for 2021.

On December 13, 2021, the Board of Directors of BNY Mellon (NYSE: BK) appointed Sandie O'Connor as an independent director, expanding the board to 13 members, 12 of whom are independent. CEO Todd Gibbons expressed enthusiasm about O'Connor’s extensive expertise in risk management and financial regulation, which is expected to benefit the board significantly. O'Connor previously served as Chief Regulatory Affairs Officer at JPMorgan Chase and has held various leadership roles in the financial sector. She currently sits on multiple boards and advisory committees, enhancing her profile within the industry.

BNY Mellon Investment Management has launched the BNY Mellon Concentrated International ETF (BKCI) on December 8, 2021. This actively managed ETF, sub-advised by Walter Scott, targets 25 to 30 high-quality international growth stocks for long-term investment. The launch aims to provide a tax-efficient investment solution in the international equity market. It underscores BNY Mellon's ongoing expansion in the ETF space, following the introduction of the BNY Mellon Ultra-Short Income ETF (BKUI) earlier this year. BNY Mellon has $2.3 trillion in assets under management as of September 30, 2021.

On December 7, 2021, the Board of Trustees of BNY Mellon High Yield Strategies Fund (DHF) declared a monthly cash dividend of $0.0185 per share, payable on January 6, 2022. Shareholders of record on December 21, 2021 will receive this dividend, with an ex-dividend date of December 20, 2021. This dividend remains unchanged from the previous month. BNY Mellon Investment Management oversees the fund, which is part of a large asset management firm managing $2.3 trillion as of September 30, 2021.

BNY Mellon's Pershing has announced its agreement to acquire Optimal Asset Management, a direct indexing solutions provider. This acquisition is aimed at enhancing Pershing's offerings through Optimal's patented software, enabling personalized portfolios aligned with investor values and sustainable investments. The direct indexing market is projected to grow significantly, from $350 billion in AUM in 2020 to an estimated $1.5 trillion by 2025. This strategic move is expected to strengthen client relationships and improve advisors' acquisition and retention efforts.