Newton

WEALTH MANAGERS

Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.

Fund managers investing in Hargreaves Lansdown are torn on whether to add to positions as the company readies the next phase of its RDR-friendly business model.

Popular stories among our readers this week focused on asset allocation, as investors look for ideas on where the best income opportunities will be in years to come.

Sanlam Private Investments (SPI) has reaffirmed its ‘sell' recommendation on Richard Wilmot's £2.1bn Newton Higher Income fund, arguing its recent overhaul has made the fund a less attractive option for income seekers.

Newton Investment Management CEO Helena Morrissey has lambasted the European Union for being a "model of the past" and said Britain can still thrive ouside the flawed organisation.

Iain Stewart, manager of the £7.9bn Newton Real Return fund, has added to his gold holdings in the belief the precious metal can still act as a hedging tool in investors' portfolios.

Newton's Jason Pidcock is maintaining an overweight to Australian equities in his Asian Income portfolio, despite the recent underperformance of the local currency against the US dollar.

UK equity income funds are nearing single stock limits on key holdings, causing concentration risk fears to mount, but which funds are taking the biggest bets?

Richard Wilmot is underweight financials and mining stocks in his Newton Higher Income fund on fears about the impact of the underperformance of Chinese and wider Asian markets.