Fact sheet: Newton Multi-Asset Growth

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
MIXED ASSET 61-100% EQUITY
Sector
UT Flexible Investment
Fund type
OEIC
Primary aim
GROWTH
Why Money Observer Rates Newton Multi-Asset Growth
3-year return: 38.2% ユ FE Risk Score: 89 Rated Fund 2015-2018. Looks for the best themes globally

Newton Multi-Asset Growth, known as Newton Managed until early 2015, won Money Observer's Best Higher Risk Mixed Asset Fund award in 2016. However, investors looking for a truly multi-asset product should be warned that although the fund has the ability to invest in bonds as well as equities, it has had the lion's share of its assets in equities in recent years.Christopher Metcalfe, its manager since 2011, says he can use different types of equities to balance his exposures. There are some that have bond-like characteristics and are more defensive than other types of shares, such as utility and infrastructure companies. He is also able to gain exposure to property though the shares of property companies.

Metcalfe can invest globally and points out that he looks for the best companies wherever they are in the world. He follows Newton's thematic approach to investment, which he says helps managers to avoid being blown off course by short-term market movements. This is combined with in-depth analysis at a company level.The fund underperformed during 2017, but this can largely be attributed to Metcalfe significantly increasing the fund's weighting to cash from virtually nothing in 2016 to 12 per cent in the third quarter of 2017. At the end of the year it stood closer to 8 per cent.The manager has positioned the fund for a 'challenging' period of low economic growth and more volatile returns. He is investing in stocks that he believes are best-placed to weather these conditions. The sectors he currently favours are technology and financials. The fund has ongoing charges of 0.67 per cent.<\p>

3 Year Performance
Fund Performance25.3%
Average of Rated Funds Group27.6%
Sector Performance14.2%
Fund information
Fund name
Newton Multi-Asset Growth Inst W Acc
Fund manager company
Newton & BNY Mellon Asset Mgmt
Fund type
OEIC
Fund managers
  • Team Approachsince 21/11/2017
Accolades
Winner - Mixed Asset Higher Risk
Fund objective
To achieve capital growth and income from a portfolio of UK and international securities.
Benchmark
  • IA Flexible Investment
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
5.4%
1 Year rank in sector
65/246
Sector
UT Flexible Investment
Yield
1.4%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.67%
Fund size
£1,582m (£1,694m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
90
Mid price
184.47
Top in this sector
Fund name1 Year
Neptune Global Alpha22.4%
LF Ruffer Japanese19.9%
LF Odey Cont European18.2%
M&G Fund of Inv Trust Shs12.2%
F&C MM Investment Trust11.3%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK37.1%
    USA26.3%
    Money Market6.8%
    Germany6.8%
    Korea3.8%
  • Technology17.4%
    Financials16.4%
    Industrials14.6%
    Consumer Services13.1%
    Consumer Goods10%
  • UK Equities33.9%
    US Equities26.3%
    Money Market6.8%
    German Equities6.8%
    South Korean Equities3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-3.7%-1.1%5.4%25.3%61.4%
Sector-1.5%-4.1%-1.9%3.3%14.2%35.7%
Rank within sector101 / 26780 / 26173 / 25965 / 24624 / 20920 / 180
Quartile2nd2nd2nd2nd1st1st
Calendar performance
 YTD - 20182017201620152014
Fund-2.7%12.9%11.5%9.8%10.6%
Sector-2.9%9.9%12.8%2%4.9%
Rank within sector101 / 26169 / 233146 / 2191 / 2073 / 187
Quartile2nd2nd3rd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.21
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.08
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.33
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.94
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.36
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.28
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.71
Price movement
52 week high193.54
52 week low173.03
Current bid price-
Current offer price-
Current mid price184.47
Region
1UK37.09%
2USA26.33%
3Money Market6.79%
4Germany6.77%
5Korea3.76%
6Netherlands2.77%
7Hong Kong2.65%
8Ireland2.53%
9Japan2.31%
Industry sector
1Technology17.4%
2Financials16.36%
3Industrials14.58%
4Consumer Services13.05%
5Consumer Goods10.02%
6Health Care6.92%
7Money Market6.79%
8Oil & Gas5.33%
9Fixed Interest4.78%
Asset type
1UK Equities33.86%
2US Equities26.33%
3Money Market6.79%
4German Equities6.77%
5South Korean Equities3.76%
6UK Fixed Interest3.23%
7Dutch Equities2.77%
8Hong Kong Equities2.65%
9Irish Equities2.53%
Individual holdings
1DIAGEO3.51%
2PRUDENTIAL PLC3.07%
3SAMSUNG SDI3.02%
4INFINEON TECHNOLOGIES AG2.96%
5ROYAL DUTCH SHELL2.93%
6CITIGROUP INC2.92%
7ACCENTURE PLC2.77%
8WOLTERS-KLUWER NV2.77%
9NATIONAL EXPRESS GROUP2.74%
Management
Fund manager group
Newton & BNY Mellon Asset Mgmt
Fund manager company
Newton & BNY Mellon Asset Mgmt
Fund type
OEIC
Fund objective
To achieve capital growth and income from a portfolio of UK and international securities.
Benchmark
  • IA Flexible Investment
Investment style
Flexible
Investment method
None
Fund managers
NameSinceBiography
Team Approach21/11/2017
Compliance
Transparent for Austrian Tax, Transparent for German Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Germany, Spain, United Kingdom
Newton Multi-Asset Growth B Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price177.4
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGVCD
Newton Multi-Asset Growth B Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price163.95
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVCE
Newton Multi-Asset Growth Inc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price818.19
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRZ03
Newton Multi-Asset Growth Inst Acc
Initial charge-
Annual charge1%
Min single investment£250,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1007.9
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQ425
Newton Multi-Asset Growth Inst W Acc
Initial charge-
Annual charge0.63%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price184.47
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGQJE
Newton Multi-Asset Growth Inst W Inc
Initial charge-
Annual charge0.63%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price168.2
CurrencyGBX
Price updated18/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGQJD
Data provided by

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