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.”