Newton to bring Managed Income Fof to retail market

Newton is to launch a Managed Income fund to retail and institutional clients, giving investors a single port of call for access to strategies run by Tineke Frikkee, James Harries, Jason Pidcock and others.

The Newton Managed Income fund, which Investment Week understands will launch on 28 May, will sit in the IMA Mixed Investment 20-60% Shares sector. It already has a four-year track record, having been run by Newton for Scottish Widows since March 2008. Over that period, Managed Income has returned 34.5% net of fees versus an average return of 12.8% for the Mixed Investment 20-60% Shares sector, according to figures from Newton. The fund's historic yield is 5.2%, though this does not take into account the lower projected yield from Newton Higher Income in current market conditions. ...