Dreyfus Corp. of New York plans to sell two new mutual funds through third-party channels.
The subsidiary of Pittsburgh-based Mellon Financial Corp. is expected to introduce the Premier Emerging Leaders Fund and the Premier Nextech Fund by the end of June, a spokeswoman said.
The Premier Emerging Leaders Fund would invest in small companies, generally those with a market capitalization of less than $1.5 billion, that have new or innovative products or services. The Nextech fund would invest in emerging technology sectors, such as the Internet and wireless communications.
Dreyfus Premier portfolios are sold through financial advisers, broker-dealers, and other financial intermediaries. Premier funds may differ slightly from retail versions of the same funds, the spokeswoman said.
Dreyfus has about $130 billion of assets under management in its mutual funds.
