NEW YORK, Aug. 2, 2012 /PRNewswire/ -- Dreyfus Global Equity Income Fund, sub-advised by Newton, achieved the highest 5-Star Overall Rating from Morningstar for its Class I shares among 706 World Stock Funds for the three-year period ended 6/30/12*. During the same period, the Class A shares received a 4-Star rating. Ratings reflect risk-adjusted performance, and are derived from a weighted average of the fund's 3-, 5-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results.
"Newton's distinctive global thematic investment approach to equity income investing has rewarded investors," said Jonathan R. Baum, chairman and CEO of The Dreyfus Corporation. "Newton believes that global companies offering growing dividends are better positioned in today's market environment," Baum continued. "Achieving the highest rating from Morningstar for Dreyfus Global Equity Income Fund underlines our goal of delivering excellent performance to our clients," Baum concluded.
Dreyfus Global Equity Income Fund's investment adviser is 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.
Companies that offer high current yields are increasingly found outside the U.S. Newton believes the pursuit of higher current equity yields and dividend growth can be greatly enhanced through a global approach. To achieve this goal, the fund managers seek high-quality companies that offer dividend yields at a premium to the fund's benchmark Index, with an emphasis on both higher-yielding and dividend-growing quality stocks. Please see link below for additional information on Dreyfus Global Equity Income Fund.
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.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.3 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 financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. 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 Twitter@BNYMellon.
All information source BNY Mellon as of June 30, 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(SM)
*Source: Morningstar. As of 6/30/12, the fund's Class I shares received 5 stars and Class A shares received 4 stars among 706 Morningstar World Stock Funds for the 3-year period. Ratings are calculated using a formula that measures the amount of variation in a fund's performance, and which gives more emphasis to downward variations. Ratings are subject to change every month. The top 10% of the funds in the category receive five stars; the next 22.5% four stars; the next 35% three stars; the next 22.5% two stars; and the last 10% one star. Ratings reflect applicable sales loads.
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. Class I shares are available only for eligible investors.
Ratings reflect past performance, which is no guarantee of future results. Share price, yield 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 the fund's most recent month-end returns.
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 and economic instability, less market liquidity, lack of comprehensive company information, and differing auditing and legal standards. These risks are enhanced in emerging markets countries.
There is no guarantee that dividend-paying companies will continue to pay or increase their dividends.
© 2012 MBSC Securities Corporation, Distributor.
SOURCE BNY Mellon; Newton; Dreyfus Corporation