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The ocean gets warmer. The Peruvian anchovy harvest suffers. It raises the price of fi shmeal, cattle feed, and beef.


We turn global insights like these into powerful investment strategies


for a university endowment. The endowment funds the work of a brilliant marine biologist. She studies the Peruvian anchovy. Proving small fi sh can lead to big insights. Invested in the world.


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These illustrations do not depict actual clients or investment results. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When the investment is sold the amount received could be less than that originally invested. Past performance of any investment is not indicative nor a guarantee of future results. If distributed in EMEA, this advertisement is a fi nancial promotion for Professional Clients only. This is not investment advice. 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. Products and services may be provided under various brand names and in various countries by the subsidiaries, affi liates and joint ventures of The Bank of New York Mellon Corporation where authorized and regulated as required within each jurisdiction. Not all products and services are offered in all locations. This material is not intended, and should not be construed, to be an offer or solicitation of services or products or an endorsement thereof in any jurisdiction or in any circumstance that is contrary to local law or regulation. Issued by The Bank of New York Mellon Corporation with respect to services other than investment management. Issued in EMEA, with respect to investment management, by BNY Mellon Asset Management International Limited, BNY Mellon Centre, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No. 1118580. Authorized and regulated by the Financial Services Authority. BNY Mellon Asset Management International Limited is ultimately owned by The Bank of New York Mellon Corporation. ©2013 The Bank of New York Mellon Corporation. All rights reserved.


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