Dreyfus Global Equity Income Fund Reaches 5-Year Milestone with Consistent First Quartile Performance for 1-, 3- and 5-Year Periods

NEW YORK, Nov. 26, 2012 /PRNewswire/ -- 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. 

https://public.dreyfus.com/product/6175/overview

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 of New York Mellon Corporation and part of BNY Mellon. With assets under management of more than £47.5 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.

'Newton' refers to the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited, Newton Capital Management LLC and Newton Fund Managers (C.I.) Limited. Assets under management include assets managed by all of these companies except Newton Capital Management LLC, which provides marketing services in the U.S. for Newton Capital Management Limited. Except for Newton Capital Management LLC and Newton Capital Management Limited, none of the other Newton companies offer services in the US and Canada. Newton Capital Management Limited is registered in the United States as an investment adviser under the Investment Advisers Act of 1940.

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 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 $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 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 September 30, 2012, unless otherwise noted. This press release is qualified for issuance in the US 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.  The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements.  When you sell your investment you may get back less than you originally invested.

**Source: Lipper. As of 10/31/12, the fund's Class A shares ranked 4/62, 5/50 and 4/31 for the 1-, 3- and 5-year periods in the Lipper Global Equity Income Funds category, based on total return. Rankings do not reflect applicable sales load.  Past performance does not guarantee future results.

***Source: FactSet, based on five-year Beta and Standard Deviation through 10/31/12.

****Source:  Newton, FactSet, Financial Times as of December 31, 2011.  Based on the FTSE Global Equity Index Series, which collectively covers over 8,000 securities in 48 different countries and captures 98% of the world's investable market capitalization.  Region and market capitalization breakdown determined by Newton.  Past performance is no guarantee of future results.  Current yields are not indicative of future yields.  Investors cannot invest directly in any Index.  Actual results will vary. 

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.

Risks:
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.

SOURCE BNY Mellon