View more on these topics

Newton global higher income fund awarded S&P AA rating

Newton Investment Management’s global higher income fund has received an AA rating from Standard & Poor’s.

The fund’s credit rating was raised from A to AA in S&P’s latest annual review.

The £415m fund targets underestimated growth stocks rather than absolute yield on investments across global stock markets. Its holds 10 per cent in UK stock market assets, 25 per cent held in euro-denominated assets, 30 per cent in Asian holdings and around 10 per cent in Latin America.

Newton global higher income fund manager James Harries says: “Part of the fund’s appeal for UK equity income investors is that it gives investors the opportunity to diversify their income portfolios away from being so reliant on the UK market and sterling assets. It’s this diversity that has helped to drive returns.”

Recommended

DB plans risk a rerun of debacle

Government proposals to shore up defined-benefit schemes risk repeating the scandal over endowment mortgages by creating a gap between customer expectations and reality, warns Standard Life.

Academy awards

Positive Solutions has, without doubt, been one of the success stories of the last decade in the IFA market.

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment