Mellon Capital Management Corp. of San Francisco, a unit of Bank of New York Mellon Corp., has launched a fund called Mellon Capital High Quality Long Corporate Bond Strategy with $100 million of assets from three clients.

The fixed-income product, developed to help pension funds protect assets against market volatility, primarily invests in high-quality, longer-term corporate bonds “that are rated at least single A and have a maturity of more than 20 years,” it said Tuesday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.