Mellon Global Investments, a subsidiary of Mellon Financial Corp., announced Thursday that it had started a new mutual fund — its largest at inception, with more than $3 billion of assets.
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The Nikko Mellon GW Select Best Nine Fund is to be managed by the Pittsburgh financial services company’s Japanese unit. The global fund of funds aims to achieve a high total return through international diversification across nine asset classes, including equities, bonds, and alternative investments; it will be distributed in Japan by Nikko Cordial Securities Inc.
