HEAD-TO-HEAD: BNY Mellon vs JP Morgan

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Manager review

Nick Clay has managed the BNY Mellon fund since its launch a decade ago, and he sits on a variety of different investment committees within the firm’s global equity team, notably chairing the equity income group.

“He also has a lot of experience running multi-asset strategies,” said McDermott.

Before joining BNY Mellon, he was a UK equities portfolio manager at Morley Fund Management and started his career as an analyst at Sun Alliance.

“Clay has Andrew MacKirdy working alongside him as alternate portfolio manager, as well as the use of BNY Mellon’s large and well-respected analyst team,” said McDermott.

In comparison, the JP Morgan fund’s management team is new, with Helge Skibeli taking over the helm in March 2018.

“He is a seasoned investor with lots of experience and is global head of developed market equity research at JP Morgan,” said McDermott.

In fact, Skibeli is a 20-year veteran at the US firm, and has spent several years with JP Morgan as a portfolio manager in Asia and more recently in the US.

He was joined at the Global Dividend Fund by co-manager Sam Witherow in March last year. Witherow is also a long-time JP Morgan employee, having joined the firm in 2008.

Despite the experience and pedigree of the JP Morgan team, their short track record managing the fund, means that the BNY Mellon fund has a clear edge in terms of stability.

McDermott has known Clay for a number of years and is confident in his ability.

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