The Dreyfus Corporation, part of BNY Mellon Asset Management, has announced the launch of Dreyfus Global Real Return Fund, Inc., a world allocation fund with an emphasis on global absolute return managed by Newton Capital Management Limited, a BNY Mellon Asset Management boutique, which specializes in global and regional equities and bonds, as well as multi-asset and absolute return funds.

"World allocation funds, especially those pursuing absolute returns, are playing an increasingly important role for investors in a volatile marketplace," said Jon Baum, chairman and CEO of The Dreyfus Corporation. "For investors interested in an actively managed fund that is not managed to a benchmark and that seeks to provide returns independent of market moves, Dreyfus Global Real Return Fund is structured with the latitude and flexibility to seek real returns."

Baum added that as part of BNY Mellon Asset Management's multi-boutique style of disciplined investment management, Dreyfus provides unique access to its exclusive and diverse global network of world-class asset managers.

Dreyfus Global Real Return seeks total return, consisting of capital appreciation and income. To pursue its goal, the Fund uses an actively-managed multi-asset strategy to produce absolute or real returns with less volatility than major equity markets over a complete market cycle, typically a period of five years. The Fund is not managed to a benchmark index; it seeks to provide returns that are largely independent of market moves.

The Fund allocates its investments among global equities, bonds and cash, and, generally to a less extent, other asset classes, including real estate, commodities, currencies and alternative or non-traditional asset classes and strategies by investing in securities and through derivative instruments. James Harries, the fund's primary portfolio manager is Director of Investment, Global Funds, at Newton. He has over 13 years of experience. Dreyfus Global Real Return Fund will be managed in line with Newton's global thematic investment approach.