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BNY Mellon Global Equity Income Fund Q3 2024 Commentary

The Q3 2024 commentary for the BNY Mellon Global Equity Income Fund discusses the fund's performance and market conditions. The fund experienced a slight decline in net asset value (NAV) total return of -0.3% for the quarter, underperforming its benchmark, the MSCI All Country World Index, which returned 1.2%. Despite this, the fund's focus remained on generating income through investments in high-dividend-yielding equities globally. Key contributors to performance included sectors like financials and energy, while sectors like technology and consumer discretionary detracted from returns. The commentary highlights ongoing geopolitical tensions, inflation concerns, and monetary policy adjustments as significant influences on market volatility. The fund's strategy continues to emphasize diversification across regions and sectors, with a particular focus on companies with strong fundamentals and sustainable dividend policies. The outlook remains cautiously optimistic, with expectations of potential recovery in dividend growth as economic conditions stabilize.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4742403-bny-mellon-global-equity-income-fund-q3-2024-commentary ]