, which currently offers
two absolute-return funds, is looking at expanding
that number. CEO Jon Baum
that the BNY Mellon
unit is exploring the idea of offering
pension-style absolute-return mutual funds.
Baum told the pub that the new offerings would be
more "solutions-based" than the ones already in Dreyfus' product menu.
"For example, we are looking at how to create the 'I want to send my kid to college' fund or 'I want to retire in 15 years' fund," he said.
Armie Margaret Lee
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