BNY Mellon fund laments it should have bought Bitcoin, not gold By Cointelegraph – Investing.com
- Date: 01-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
BNY Mellon fund laments it should have bought Bitcoin, not gold By Cointelegraph – Investing.com
U.S.-based financial institution BNY Mellon (NYSE:), the world’s largest custodian bank and asset servicing company, states that the recent performance of one of its exchange-traded funds, or ETFs, was significantly impacted by its lack of exposure to companies investing in .
The BNY Mellon Opportunistic Small Cap Fund (DSCVX) gained 35% from September 1, 2020, through February 28, 2021, underperforming its benchmark, the Index — which produced roughly 41.7% over the same period.
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