Investment approaches
Concentrated Global Equity
A long-only, focused equity strategy, constructed without reference to an index and looking to achieve superior long-term returns
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Stock selection driven by bottom-up proprietary research which incorporates environmental, social and governance (ESG) analysis
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Flexibility to react to shifts in the attractiveness of different securities
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Benefits from a broad perspective owing to our global, thematic outlook
Our philosophy and process
- The strategy is conviction-based, and is constructed with little or no reference to the comparative index. A constantly evolving and forward-looking approach seeks to anticipate change, manage risk, and identify opportunities.
- ESG considerations are integrated throughout the research process and via proprietary quality reviews, to ensure that any material issues are captured.
Every time we consider a security or look at an industry or country, it’s in the context of what’s happening across the world. We believe the investment landscape is shaped over the long term by some key trends, and we use a range of global investment themes to capture these.
Smart revolution
Machines and networks are becoming more intelligent. This is disrupting the labour market, as machines increasingly replace humans in the workplace. ‘Smart revolution’ considers the implications commercially, socially and politically.
Net effects
The world has made the transition from connecting places to connecting people to connecting devices. The rapid rise in the ‘internet of things’ is transforming lifestyles and business. This creates winners and losers – our ‘net effects’ theme seeks to identify them.
China influence
The influence of China on the world has grown exponentially but its economy looks increasingly risky. ‘China influence’ looks at how the country’s development affects the investment outlook beyond its borders.1
1 Compared to more established economies, the value of investments in emerging markets may be subject to greater volatility owing to differences in generally accepted accounting principles or from economic or political instability or less developed market practices.
Financialisation
Cheap money has caused rapid growth in a sector already supported by deregulation. ‘Financialisation’ investigates the implications of finance dominating economic activity, instead of serving it.
Investment team
Our Concentrated Global Equity strategy is managed by a team with a wide range of backgrounds and varied experience. Our global sector analysts and investment managers are located on a single floor in London, which helps to ensure that the investment process is flexible and opportunistic. Guided by our global investment themes, the team works together to identify opportunities and risks through research and debate.
- 20
- years' average investment experience
- 13
- years' average time at Newton
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Jeff Munroe
Investment leader, global equity team
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Raj Shant
Portfolio manager, global equity team
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Robert Hay
Portfolio manager, global equity team
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Paul Markham
Portfolio manager, global equity team
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Nick Clay
Portfolio manager, global equity team
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Andrew MacKirdy
Portfolio manager, global equity team
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Colin Rutter
Global research analyst
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Robert Canepa-Anson
Global analyst, resources and utilities
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John Gilmore
Portfolio manager, global equity team
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Yuko Takano
Portfolio manager and Japan specialist, global equity team
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Emma Mogford
Portfolio manager, UK equity team & Continental European strategy
Strategy profile
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Objective
- To achieve long-term capital growth from a concentrated portfolio invested in the securities of companies located worldwide
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Comparative index
- MSCI AC World Index (NDR)
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Performance aim
- To outperform global stock markets significantly over rolling 5-year periods
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Typical number of equity holdings
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30 to 50
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Strategy size
- £1.7bn (as at 30 September 2018)
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Strategy inception
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Composite inception: 1 October 2004
Representative portfolio (Newton Global Opportunities Fund) inception: 1 July 2005
Factsheet
Facts and commentary for the past quarter's fund and market performance.
Brochure
More detail on the strategy's investment approach.
Key Investor Information Document
Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.