BNY Mellon Global Fixed Income Fund Q1 2026 Commentary
2026-04-28·via All Articles on Seeking Alpha
Summary
For the quarter ended March 31, 2026, BNY Mellon Global Fixed Income Fund’s Class I shares returned –0.79%, excluding sales charges.
The strategy underperformed its reference benchmark and had a negative total return in the first quarter.
In emerging markets, we were anticipating Chinese GDP growth to decelerate to just 4.0% in 2026 and further to 3.8% in 2027, even prior to the advent of hostilities in the Middle East.
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Market Review
The first quarter began with the belief that the global economy might be about to see some acceleration in growth coincide with a continued, albeit slow moderation in inflation, allowing further rate cuts in
