US Institutional Global Multi-Asset Income

Strategy Highlights

  • Flexible, global approach, allowing us to invest without any sector, country or asset class constraints
  • Focus on income sustainability, with an eye to capital growth
  • Stable monthly income payments

This strategy is offered by Newton Investment Management Ltd (‘NIM’). NIM is part of the Newton Investment Management Group.

Our Philosophy and Process

A constantly evolving and forward-looking approach seeks to anticipate change, manage risk, and identify opportunities. Material ESG risks, opportunities and issues are considered as part of the investment research process.
The strategy invests in a diversified range of assets, from equities and bonds to alternative assets. Income is set at portfolio level, allowing the manager to determine where best to achieve income and where to seek capital growth.

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 themes to help identify opportunities.

Investment Team

Our Global Multi-Asset Income strategy is managed by an experienced team. 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.

26
years’ average investment experience
16
years’ average time at Newton
  • Paul Flood
    Paul Flood

    Head of mixed assets investment

  • Alison El-Araby
    Alison El-Araby

    Portfolio manager, multi-asset team

  • Hilary Meades
    Hilary Meades

    Head of charities investment

  • Oliver Larminie
    Oliver Larminie

    Portfolio manager, charities and specialist institutions

  • Simon Nichols
    Simon Nichols

    Portfolio manager, Global Opportunities team

  • Bhavin Shah
    Bhavin Shah

    Portfolio manager, multi-asset team

  • Tim Wilson
    Tim Wilson

    Portfolio manager, multi-asset team

  • Janice Kim
    Janice Kim

    Portfolio manager, multi-asset team

Strategy Profile

Objective

The strategy seeks to provide income with the potential for capital growth over the longer term by investing in a broad diversified multi-asset portfolio. The portfolio aims to yield 30% more than a reference yield comprising 60% MSCI AC World Index (equities) and 40% ICE BofA Global Broad Market Index (bonds).

Volatility

Expected to be between that of bonds and equities over the long term

Strategy size

US$0.7bn (as at Sept 30, 2022)

Strategy inception

Composite inception: March 1, 2015

Investment Matters
Audio

How Can a Different Approach to Equity Investment Address the New Market Regime?

The investment communications team’s Matt Goodburn talks to global investment strategist Andrea Fisher about why we believe active equity strategies are better placed than their passive peers to take advantage of opportunities arising from a dramatically different market environment.

December 6, 2022
Global equities, Macro views, Multi-asset, Sector research
Is your multi-asset strategy fit for the future?
Article

Is Your Multi-Asset Strategy Fit for the Future?

CEO Euan Munro explains why key boundary conditions make it important to challenge the norms of multi-asset investing.
July 29, 2022
Industry views, Macro views, Multi-asset, Real Return
Streaming to success
Blog

Streaming to Success?

The music industry has returned to growth thanks to the rise of streaming. Can the momentum be maintained?
Connor Middleton
June 23, 2022
Industry views, Multi-asset, Sector research

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.

The outperformance target stated is net of fees, for indicative purposes only, and may be changed without notice. Targeted return is generally aspirational in nature, not necessarily based on criteria and assumptions, and is not a guarantee of future returns.

Newton will make investment decisions that are not based solely on ESG considerations. It is one of 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.

Key Investment Risks

  • There is no guarantee that the strategy will achieve its objective.
  • This strategy invests in global markets which means it is exposed to changes in currency rates which could affect the value of the strategy.
  • The strategy will use derivatives to generate returns as well as to reduce costs and/or the overall risk of the strategy. Using derivatives can involve a higher level of risk. A small movement in the price of an underlying investment may result in a disproportionately large movement in the price of the derivative investment.
  • Investments in bonds are affected by interest rates and inflation trends which may affect the value of the strategy.
  • The strategy holds bonds with a low credit rating that have a greater risk of default. These investments may affect the value of the strategy.
  • The strategy may invest in emerging markets. These markets have additional risks due to less developed market practices.
  • The strategy may invest in investments that are not traded regularly and are therefore subject to greater fluctuations in price.
  • The strategy may invest in small companies which may be riskier and less liquid (i.e. harder to sell) than large companies. This means that their share prices may have greater fluctuations.