New Ireland BNYM Absolute Return Bond
Bond - Aggregate
This fund invests in the BNY Mellon Absolute Return Bond Fund (ARBF) which aims to provide a positive return in all market conditions by investing in bonds & bond-related instruments worldwide. The ARBF can invest in bonds & similar debt investments issued by governments, companies & other public entities. It may also invest in derivatives to reduce risk. It aims to deliver a return of cash (as measured by 3 Month Euribor®) +3% p.a. over a rolling 3 year period before taxes and charges are deducted.
This fund aims to outperform cash (3-month EURIBOR) +3% p.a. over a rolling 3 year period (gross of tax and charges). The fund looks to generate long term capital growth irrespective of interest rate direction or economic conditions, by investing in a diversified range of government and corporate bonds alongside currency markets globally. It is important to understand that your investment may still fall as well as rise and that you may receive back less than you originally invested
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118.30
EUR
+14.98 (+14.50%) past 3 year
as of 19 May 2026Alternative Investments
100.2
Cash
-0.2
Fund insights
Detailed information extracted from the fund factsheet.
Underlying fund: BNY Mellon Absolute Return Bond Fund
Managed by Insight Investment Management (Global) Limited
It may also invest in derivatives to reduce risk.
For some funds that invest in shares or bonds, the assets in that fund may be used for the purpose of securities lending in order to earn an additional return for the fund.
Manager commentary - March 2026
The fund generated a negative return. The corporate credit position had a negative impact. Asset-backed securities had a small negative effect. Duration detracted due to the position in German government bonds. Yield curve positioning was a negative, driven by the US position relative to those in the UK and Japan. Cross-market positioning was a negative, driven by the position in Australia relative to the US. Emerging market positioning contributed. Intra-Europe country selection had a neutral effect. Inflation positions were a negative. Currency positioning contributed, resulting from the position in the Swedish krona.
- Alastair Stewart, Client Service Manager, Institutional Business, BNY Mellon Investment ManagementFrequently asked questions
Common questions about New Ireland BNYM Absolute Return Bond.
The BNYM ABS Return Bond Fund S3 R invests in the BNY Mellon Absolute Return Bond Fund, which holds bonds and other bond-related debt instruments worldwide. These can include debt issued by governments, companies and other public entities. The fund uses a multi-strategy fixed income approach and may also use derivatives to help reduce risk.
The BNYM ABS Return Bond Fund S3 R aims to deliver a positive return in all market conditions. Its stated goal is to return cash, measured by 3-Month Euribor, plus 3% per year over a rolling three-year period before taxes and charges. This means it is designed to seek steadier returns than a typical bond fund, though outcomes are not guaranteed.
The BNYM ABS Return Bond Fund S3 R is aimed at investors with a medium to long-term horizon of at least 5 to 7 years. It is described as a low to medium risk fund. That means it may suit investors looking for a bond strategy with a focus on capital preservation and return generation rather than aggressive growth.
The BNYM ABS Return Bond Fund S3 R carries sustainability risk, meaning environmental, social or governance issues could affect the value of its investments. As with any bond fund, it can also be affected by interest-rate moves, credit quality and market positioning decisions. The fund commentary shows that areas such as corporate credit, duration, yield-curve and cross-market positioning can all influence results.
In the March 2026 commentary, the BNYM ABS Return Bond Fund S3 R generated a negative return. Corporate credit, asset-backed securities, duration positioning, yield curve positioning, cross-market positioning and inflation positions all detracted. Emerging market positioning and currency positioning helped, including the position in the Swedish krona.
New Ireland BNYM Absolute Return Bond
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