The Newton Global Higher Income Fund has celebrated its second birthday with Ј250 million in assets under management, having delivered a return of over 40% since it’s inception.
This represents approximately twice the return of the average fund in the IMA Global Growth sector, placing the fund firmly in the first quartile in all time periods of its sector peer group since launch.
“In the past, investors flocked to the UK as a leading source of dividend yield, but there is a increased awareness of the benefits in diversifying away from the home market. Earnings growth potential in developed and developing world markets coupled with structurally higher payout ratios are two major factors contributing to the growing trend of offering investors an attractive, globally diversified and growing income stream,” says James Harries, manager of the Newton Global Higher Income Fund.
“In an uncertain financial climate we feel it is vital to offer investors high yielding, diversified funds with steady income flows in order to help cushion the effect of any potential market decline. We are delighted that the Global Higher Income Fund has performed so well and had such a broad appeal,” adds Mark Allpress, director, Wholesale Business Development at BNY Mellon Asset Management.
The Newton Global Higher Income Fund is ‘A’ rated by both S&P and OBSR.