Newton Balanced Fund Wins Top Award
London
16 July, 2009
Newton Investment Management won a major award at the Investment Week Fund Manager of the Year Awards 2009 with the Newton Balanced Fund securing best fund in the Balanced Managed sector.
Newton, a BNY Mellon Asset Management boutique, was shortlisted in three additional categories.
The Newton Balanced Fund is one of Newton's longest established funds. Launched in November 1986, the fund's balanced approach provides investors with the opportunity to gain exposure to a wide range of equity and fixed interest investments both in the UK and internationally. Managed by Iain Stewart and Newton's experienced investment management team, the fund has delivered top quartile performance and beaten the Sector average over 1, 3, 5 and 10 years.*
The Investment Week Awards are designed to recognise and reward excellence in the UK investment industry. The judges use a combination of quantitative performance-based screens and qualitative factors to determine the winner. Newton also had funds short-listed in three other categories, namely, Newton Growth and Newton UK Opportunities in the UK All Companies Sector, Newton Real Return Fund (previously Newton Absolute Intrepid) in the Global Equity Sector and Newton Bridge Fund and Newton Falcon Fund in the Active Managed Sector.
Helena Morrissey, chief executive officer at Newton Investment Management said, "We are thrilled that we continue to be recognised at such prestigious industry awards. We strongly believe that our solid thematic investment process continues to deliver strong returns for our investors, particularly through the turbulent markets that we continue to have to navigate."
Contact:
|
Sarah Deutscher +44 (0) 20 7163 2744 |
Vee Montebello +44 (0) 20 71636246 |
Notes to editors:
Newton Investment Management Limited 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 approximately £34 billion, including assets managed as dual officers for The Bank of New York Mellon, the company 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.
The Bank of New York Mellon Corporation 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. The company 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 $19.5 trillion in assets under custody and administration, $881 billion in assets under management, services more than $11 trillion in outstanding debt and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com .
* Source: Lipper as at 31 May 2009. Total Return including income net of UK tax and annual charges, but excluding initial charge. All figures are in sterling terms. Performance is not guaranteed and the value of your investment may go down as well as up. All other information source: BNY Mellon Asset Management International Limited as at 31/03/09. Not available or offered to U.S. investors. 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. 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 CompanySM
