Factsheet: Newton Multi-Asset Growth Inst W Acc

Mixed Asset 61-100% Equity

3-year return: 38.2% 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.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Newton Multi-Asset Growth Inst W Acc
Manager
BNY Mellon Fund Managers Limited
Type
Open Ended Investment Company
ISIN
GB00B8454P92
Sector
Flexible Investment
Launched
31/08/2012
OCF
0.67 %
Risk Rating
4
3 Year Sharpe
0.88
Yield
1.4 %
Benchmark
IA Flexible Investments
The fund is predominantly invested in a mixed portfolio of company shares (i.e. equities) and bonds.
Holding %
Diageo PLC 3.78 %
Royal Dutch Shell PLC B 3.56 %
Microsoft Corp 3.26 %
Citigroup Inc 3.20 %
Prudential PLC 3.14 %
Wolters Kluwer NV 3.06 %
Infineon Technologies AG 3.05 %
Samsung SDI Co Ltd 2.91 %
BP PLC 2.86 %
RELX PLC 2.82 %
Region %
United Kingdom 37.06 %
United States 31.97 %
Eurozone 17.00 %
Asia - Developed 6.31 %
Sector %
Technology 30.00 %
Financial Services 17.27 %
Consumer Cyclical 13.62 %
Industrials 12.28 %
Healthcare 8.87 %
Energy 7.45 %
Basic materials 5.18 %
Name
BNY Mellon Fund Managers Limited
Address
London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Paul Flood
Joined 11/21/2017

Paul Flood is a fund manager and strategist at Newton. He is lead manager and provides leadership and analysis on asset allocation, alternatives and derivatives for the wider house. He is chairman of the derivatives process group, and a member of the asset class strategy group. Paul joined Newton in 2006, prior to which he worked at Mellon Investment Funds Europe as a unit trust dealer. Paul attended St Andrews University and is a CFA charterholder.

Bhavin Shah
Joined 11/21/2017

Mr. Shah is an investment manager on the multi-asset team at Newton. He joined Newton in June 2011.

Bhavin Shah
Joined 11/21/2017

Mr. Shah is an investment manager on the multi-asset team at Newton. He joined Newton in June 2011.

Data provided by Morningstar.

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