Newton

EUROPE

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.

In the first of a two part series, managers reveal the plays that have contributed to their performance since January.

Australia is offering better opportunities than Asia for income investors, according to Jason Pidcock, manager of the £1.8bn Newton Asian Income fund.

Tineke Frikkee, portfolio manager of the Newton Higher Income fund, explains why the debate between UK and global equity income is past its sell by date.

Newton has completed the merger of its £62m Newton UK Equity and £95m Growth funds into the £1.2bn Income fund, re-naming the product the Newton UK Equity fund.

Newton's Iain Stewart has warned investors not to be too encouraged by the recent recovery in markets and GDP figures, warning structural headwinds could derail growth in the second quarter.

ON UK INCOME

JO Hambro Capital Management (JOHCM) is to launch a Global Opportunities fund for Ben Leyland, manager on the top-performing UK Opportunities fund, by the end of Q2.

Raj Shant has been appointed lead manager on the £19m Newton European Higher Income fund, replacing Fred Moore, who is leaving Newton to pursue opportunities outside the investment management industry.