Investment approaches
global equity
An actively managed global equity strategy with a long-term performance heritage
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Benefits from a broad perspective owing to our global, thematic outlook
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Flexibility to deviate from the comparative index and to invest directly in a range of opportunities globally
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Stock selection driven by bottom-up proprietary research which incorporates environmental, social and governance (ESG) analysis
Our philosophy and process
- The strategy is conviction-based, with no regional or sector constraints. 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.
Financialization
Cheap money has caused rapid growth in a sector already supported by deregulation. ‘Financialization’ investigates the implications of finance dominating economic activity, instead of serving it.
Investment team
Our 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.
- 18
- years’ average investment experience
- 15
- years’ average time at Newton
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Paul Markham
Portfolio manager, global equities
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Jeff Munroe
Investment leader, global equities
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Charles French
Head of Equity Opportunities
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Yuko Takano
Portfolio manager, global equities
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Ben Smith
Portfolio manager, UK equities
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Simon Nichols
Portfolio manager, UK equities
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Sophia Whitbread
Portfolio manager, emerging and Asian equities
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Sahil Mali
Investment Analyst
Strategy profile
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Objective
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To achieve long-term capital growth from a portfolio of global securities
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Comparative index
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MSCI AC World Index (NDR)
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Performance aim
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To outperform the comparative index by 2% per annum
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Typical number of equity holdings
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50 to 80
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Strategy size
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US$4.9bn (as at Sept 30, 2020)
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Strategy inception
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Composite inception: April 1, 1995
Quarterly factsheet
Facts on the strategy’s performance and positioning.
Responsible investment report
Stewardship activities (voting and engagement) for the last quarter and ESG metrics.
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.