BNY Mellon Research Growth Fund, Inc. Q1 2026 Commentary
BNY Investments·2026-05-26·via All Articles on Seeking Alpha
Summary
BNY Mellon Research Growth Fund (Class A at NAV) outperformed its benchmark, the Russell 1000® Growth Index (the "Index"), during the first quarter of 2026.
Stock selection in the financials sector also contributed positively to relative returns, particularly within the capital markets subsector.
Stock selection in the real estate sector detracted from relative performance, particularly due to the strategy's holding in a real estate management company.
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Market Review
The U.S. macro backdrop continues to be shaped by a Federal Reserve that has been on pause amid renewed inflation pressures and elevated geopolitical uncertainty.
Equity performance was broadly negative across developed
