Investment team
Our Real Return strategy is managed by an experienced team with a wide range of backgrounds. In-house research analysts are at the core of our investment process, and our multidimensional research platform spans fundamental, thematic, ESG, quantitative, geopolitical, investigative and private-market research to promote better-informed investment decisions.
- 19
- years’ average investment experience
- 13
- years’ average time at Newton
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Andy Warwick
Co-lead, Real Return team
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Aron Pataki
Co-lead, Real Return team
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Matt Brown
Portfolio manager, Real Return team
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Philip Shucksmith
Portfolio manager, Real Return team
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Lars Middleton
Portfolio manager, Real Return team
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Brendan Mulhern
Global strategist, Real Return team
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Catherine Doyle
Investment specialist
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Chris King
Investment team support
Strategy profile
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Objective
- The strategy aims to deliver a total return of SONIA (30-day compounded) +4% per annum over 5 years before fees. In doing so, the strategy aims to achieve a positive return on a rolling 3-year basis. However, a positive return is not guaranteed and a capital loss may occur.
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Performance benchmark
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SONIA (30-day compounded) +4%*
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Volatility
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Expected to be between that of bonds and equities over the long term
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Strategy size
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£9.4bn (as at 31 March 2023), including GBP, EUR, USD and AUD strategies
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Strategy inception
- Composite inception: 1 April 2004
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Typical assets
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Selective exposure to
- Equities
- Corporate bonds
- Government bonds
- Cash derivatives
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Other assets via tradeable securities
- Real estate
- Commodities
- Currencies
- Infrastructure
- Renewable energy
- Other ‘alternative’ strategies
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Strategy available through pooled UK vehicle
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BNY Mellon Real Return Fund
View fund performance
View Key Investor Information Document
View prospectus -
- * Please note that on 1 October 2021, the performance benchmark for this strategy changed from 1-month GBP LIBOR +4% to SONIA (30-day compounded) +4%.
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.
Newton will make investment decisions that are not based solely on ESG considerations. Those considerations are among many inputs into the fundamental analysis. Other attributes of an investment may outweigh ESG considerations when making investment decisions. The way that material ESG considerations are assessed may vary depending on the asset class and strategy involved. As of September 2022, the research team performs ESG analysis on equity securities prior to their addition to Newton’s Research Recommended List (RRL). ESG reviews are not performed for all fixed income securities. The portfolio managers may purchase equity securities that are not included on the RRL and which do not have ESG reviews. Not all securities held by Newton’s strategies have an ESG review completed prior to investment.