Press Releases

Mellon Recognised as Leading Provider of International Asset Management

LONDON, 5 June 2007 — Mellon Global Investments Limited (MGI) has received top honours in the 'Best Offshore Fund Range' and 'Best International Fund Group' categories at the 2007 International Investment awards.

The awards recognise the elite of the offshore investment arena, including banking, fund management, international life offices, offshore centres and structured products.

The Mellon Global Funds (MGF) range won 'Best Offshore Fund Range'. The range includes flagship long only products alongside next generation Evolution UCITS funds. Mellon's Evolution Funds utilise the wider investment powers of UCITS III and offer a broad range of strategies, formerly only available to institutions, that combine derivative based hedge-fund style investment with a mutual fund structure. Spearheading the range is the Mellon Evolution Global Alpha Fund, a global tactical asset allocation (GTAA) strategy, and the Mellon Evolution Currency Option Fund, a quantitative absolute return currency option strategy.

MGI also claimed first place in the 'Best International Fund Group'category. MGI distributes the products and services of Mellon's twelve asset managers through offices in fourteen different countries, each supported by multi-lingual sales, client service and marketing teams. Its mutual fund ranges include the UK-domiciled Mellon Investment Funds and Dublin-domiciled MGF ranges.

Commenting on the awards, Alan Mearns, chief executive officer of Mellon Global Investments, said: "We are delighted to win these prestigious awards which are a result of our commitment to deliver highly relevant investment solutions from Mellon's best-in-class fund management companies. A key driver of our success is working closely with high quality distribution partners to understand and meet the requirement of investors in each of our key markets.

"As the industry becomes increasingly focused on seeking consistent and uncorrelated alpha generation expertise, the benefits of Mellon's multi-boutique model come to the fore."

Mellon Global Investments Limited is the international distributor of the investment skills and products of the asset management subsidiaries of Mellon Financial Corporation. Each of Mellon's asset managers is a specialist in its field. Their combined offering includes mainstream and high yield bond, cash, equity management, currency overlay, indexation and alternative investment management. Mellon Global Investments delivers these diverse skills to a wide and varied client base, providing a wealth of solutions. More information is available at www.mellonglobalinvestments.com.

Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, wealth management, asset servicing, issuer services and treasury services. Mellon has approximately $5.8 trillion in assets under management, administration or custody, including $1.034 trillion under management. News and other information about Mellon is available at www.mellon.com.