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Newton Asian Income and Emerging Income Funds - removal from Wealth 150

Kate Marshall | Fri 22 May 2015

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

It has been announced Jason Pidcock will leave Newton Investment Management. He will step down as lead manager of the Newton Asian Income Fund and as co-manager of the Newton Emerging Income Fund.

In light of his departure, Newton will combine its Emerging and Asian Equity teams under the leadership of Rob Marshall-Lee, a member of the team since 2011. This restructure will bring the Newton Asian Income Fund under the responsibility of the wider team, rather than having a lead manager at its helm.

On the Newton Emerging Income Fund, Rob Marshall-Lee will replace Jason Pidcock to become alternate manager alongside Sophia Whitbread, who will become the fund's lead manager. Together Sophia Whitbread and Rob Marshall-Lee also currently manage the Newton Global Emerging Markets Fund; however, their stand-alone track records are relatively short.

Newton has demonstrated a commitment to long-term investing in the Asian and emerging markets regions, and we are pleased they will be maintaining their long-standing thematic approach to investing. That said, we initially supported the Newton Asian Income and Emerging Income Funds because of the experience and talent of Jason Pidcock, an established Asian equities investor.

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In our view, this does not mean any changes should necessarily be made to an existing portfolio, providing the funds continue to meet the overall portfolio's objectives. We view the combined exposure to the long-term growth potential of emerging markets, with the attraction of a regular income, as an exciting prospect.

However, in light of Jason Pidcock's departure we currently feel it is prudent to remove the funds from the Wealth 150 list of our favourite funds across the major sectors. We will be meeting the team in due course, and at this point we will inform investors if our views change.

Jason Pidcock will be leaving Newton to join Jupiter Asset Management. While his official joining date has not yet been announced, Jupiter has confirmed he will be responsible for helping to build an Asian Income strategy. We will provide further details as soon as they are available.

Find out more about the Newton Asian Income Fund including how to invest

Please read the key features/key investor information document in addition to the information above.

Find out more about the Newton Emerging Income Fund including how to invest

Please read the key features/key investor information document in addition to the information above.

The value of investments can go down as well as up, this means you could get back less than you invested. Therefore all investments should be regarded with a long term view. No news or research item is a personal recommendation to deal. If you are unsure about the suitability of an investment please contact us for advice.
Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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