Newton Equity Income range in demand
Low interest world continues to focus investors' minds on search for income
London
3 February 2010
In the current low interest rate environment, with the spectre of inflation looming once again, BNY Mellon Asset Management continues to see increased demand from the UK market for its Newton-managed equity income range. Newton is well known for being an income specialist delivering strong and consistent investment performance across its equity income range in 2009, ending the year on a positive note with all four funds delivering top decile income distribution to 31 December*:
1. Newton Asian Income Fund, Managed by Jason Pidcock - top decile of the IMA Asia Pacific, excluding Japan Sector over one and three years with a regulatory yield value of 4.7%.*
2. Newton European Higher Income, Managed by Raj Shant - top decile over one year in the IMA Europe, excluding UK Equity Sector with a regulatory yield value of 4.6%.*
3. Newton Global Higher Income, Managed by James Harries - top decile of the IMA Global Growth Sector over one and three years with a regulatory yield value of 4.8%.*
4. Newton Higher Income Fund, Managed by Tineke Frikkee - top decile position in the IMA UK Equity Income Sector over one, three, five and 10 years with a regulatory yield value of 6.9%.*
Paul Feeney, Head of International Distribution at BNY Mellon Asset Management added "Our equity income range spans the world, diversifying risk and maximising opportunity. With top decile income distributions over all time periods since launch and high regulatory yields, there are powerful reasons why Newton's equity income range is regularly recommended by IFAs."
Helena Morrissey, chief executive officer of Newton, comments: "The strict yield disciplines applied to our equity income range, as part of our investment process, continue to differentiate us from the competition. The investment team is focused on continuing to deliver a steady level of income distributions for new and existing clients in difficult market conditions."
Newton Investment Management is part of BNY Mellon Asset Management.
Notes to editors:
Newton is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than £42 billion, including assets managed by Newton Investment Management as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.
BNY Mellon Asset Management is the umbrella organisation for The Bank of New York Mellon Corporation's affiliated investment management firms and global distribution companies.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.
* Source: Lipper as at 31 December 2009. Current yields are not indicative of future yields. Income calculated net of UK tax and annual charge, but excluding initial charge. The impact of the initial charge, which may be up to 4%, can be material on the performance of your investment. Performance figures including the initial charge are available upon request. The Newton income fund range of Funds are sub-funds of BNY Mellon Investment Funds Limited, an investment company with variable capital (ICVC) incorporated in England and Wales under registered number IC27 and authorised by the Financial Services Authority. BNY Mellon Fund Managers (BNY MFM) is the Authorised Corporate Director. BNY Mellon Fund Managers Limited, 160 Queen Victoria Street, London EC4V 4LA. Registered in England No. 1998251. Authorised and regulated by the Financial Services Authority. The Investment Adviser is Newton Investment Management Limited (NIM). All other information source BNY Mellon Asset Management International Limited as at 31 December 2009. This press release is qualified for issuance in the UK only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management International Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office: The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority
A Bank of New York Mellon Company.
