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Access high-quality equity opportunities across international markets


High inflation and interest rates have transformed the equities landscape. In this new reality, we believe that exposure to the world’s strongest businesses may enhance portfolios. In order to access global best-in-breed, certain long-term themes such as luxury goods, automation, and semiconductors are best captured by investing in international companies.

Unlock potential in every direction – by connecting to quality equity opportunities, regardless of location.

International markets may offer unique opportunities

Europe is home to luxury brands with a unique heritage, from Hermes and LVMH to Ferrari.

The region is a crucible for groundbreaking pharma companies, including Roche and Novo Nordisk.

Innovative tech companies are abundant too, including world-class semiconductor companies such as Taiwan Semiconductor and ASML.

Japan’s demographic shifts provide a positive backdrop for investment in its thriving automation and electronics sectors.


Quality knows no borders. So why put limits on your investment universe?

Walter Scott & Partners Limited's (“Walter Scott”) quest for growth companies spans the globe. They see three compelling reasons for international diversification.



Best-in-class companies can flourish anywhere. Identifying them requires selection by active managers, deploying thorough research and discipline.


High-quality, market-leading companies continue to exhibit growth and resilience despite an uncertain macro environment.


Amid a shifting world economy and ongoing inflation, chances may emerge for active investors to unearth compelling investment opportunities. International markets are home to world-class businesses with deep experience in navigating different environments.

Quality Growth Investment Outside of the US

Historically, US and international markets have traded multi-year periods of outperformance. We believe this may prove to be an inflection point for international stocks.

Read why this matters now
Widening your perspective to developed economies beyond the US could potentially deliver:

A broader and different
opportunity set

Potentially valuable portfolio diversification

Exposure to attractive, high-quality companies with long-term growth potential

The prospect of greater returns for the same risk

Asset allocation and diversification do not ensure a profit or protect against loss. There is no assurance any investment strategy
will be successful. Investing involves risk and investors may incur a profit or a loss.

Why Walter Scott?


Our International Equity Strategy is led by Walter Scott & Partners Ltd. Its experienced research team
deploys its profound knowledge to identify companies capable of long-term wealth generation.


40-year track record

Founded in 1983, Walter Scott has built its reputation on extensive experience and consistent performance.

Focus on fundamentals

Walter Scott deploys a forensic focus on company fundamentals, regardless of sector or geography.

Team approach

The team are globalists and generalists, with deep and broad investment knowledge. Demanding unanimous team agreement for every stock decision is an approach which sets the firm apart.

Local acumen

Profound market knowledge is informed by frequent team visits and company conversations. Italy, France, China, Taiwan, and the UK are among recent locations visited.

The Walter Scott research team identifies attractive investment opportunities through a disciplined and rigorous proprietary process. It is the exhaustive work behind each idea that secures the team’s confidence in every investment.

Take an in-depth look at the teams approach to equity investing.

Discover what makes Walter Scott unique

Featured Strategies


The BNY Mellon International Equity Strategy, available in two different vehicles,
is for investors looking for exposure to quality opportunities outside the US.

Seeks tax efficiency

BNY Mellon
International ETF


The concentrated fund actively invests in companies with the potential to deliver long-term growth. The exchange-traded fund (ETF) structure allows investors intra-day liquidity and the potential for tax-efficient investing.

Access the ETF

Seeks a consistent track record

BNY Mellon
Stock Fund

Overall Morningstar Rating

(391 funds rated)1

Morningstar RatingTM as of February 29, 2024 for the Class A class shares; other classes may have different performance characteristics. Overall rating for the Foreign Large Growth category. Fund ratings are out of 5 Stars: Overall 4 Stars (391 funds rated); 3 Yrs. 4 Stars (391 funds rated); 5 Yrs. 4 Stars (333 funds rated); 10 Yrs. 4 Stars (229 funds rated).


The high-conviction fund actively invests in companies with the potential long-term growth.

Access the fund

1 Morningstar Rating as of 02/29/2024

Please click on the provided links as well as “Access the ETF or Fund” for
important information and disclosure including risks regarding these vehicles.


A transitioning global economy may be creating fresh opportunities for active stock pickers able to identify resilient companies which have the potential to create value and long-term growth in volatile markets. Discover the international opportunity.


About BNY Mellon Investment Management

BNY Mellon Investment Management is one of the world’s leading investment management organizations, encompassing
BNY Mellon’s affiliated investment management firms and global distribution companies. BNY Mellon is the corporate brand
of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole
or its various subsidiaries generally.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. ©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.




Investors should consider the investment objectives, risks, charges, and expenses of a mutual fund or ETF carefully before investing. Contact a financial professional or visit to obtain a prospectus or summary prospectus, if available, that contain this and other information about the fund, and read them carefully before investing.

Please click on the above links to the fund literature and webpages for important information, disclosures and risks.

Investing in foreign denominated and/or domiciled securities involves special risks, including changes in currency exchange rates, political, economic, and social instability, limited company information, differing auditing and legal standards, and less market liquidity. These risks generally are greater with emerging market countries.

This information contains projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or expectations will be achieved, and actual results may be significantly different from that shown here. The information is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be and should not be interpreted as recommendations.

This material has been provided for informational purposes only and should not be construed as investment advice or a recommendation of any particular investment product, strategy, investment manager or account arrangement, and should not serve as a primary basis for investment decisions. Prospective investors should consult a legal, tax or financial professional in order to determine whether any investment product, strategy or service is appropriate for their particular circumstances. Views expressed are those of the author stated and do not reflect views of other managers or the firm overall. Views are current as of the date of this publication and subject to change.

Walter Scott & Partners Limited is an investment management firm authorized and regulated in the United Kingdom by the Financial Conduct Authority in the conduct of investment business. Walter Scott is also registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser. Walter Scott is a subsidiary of The Bank of New York Mellon Corporation.

BNY Mellon Securities Corporation is a registered broker-dealer and registered investment adviser offering securities and managed accounts, respectively. BNY Mellon Investment Adviser, Inc., is the Investment Adviser for the BNY Mellon International Stock Fund, and has engaged its affiliate, Walter Scott, as the fund’s sub-adviser. BNY Mellon ETF Investment Adviser, LLC is the Investment Adviser for the BNY Mellon Concentrated International ETF and has engaged its affiliate, Walter Scott, as the ETF's sub-adviser.  

Not FDIC-Insured | No Bank Guarantee | May Lose Value

© 2024 BNY Mellon Securities Corporation, 240 Greenwich Street, 9th Floor, New York, NY 10286.