Following the news that fund manager Jason Pidcock has resigned, we have placed the Newton Asian Income fund Under Review. The fund previously held a Morningstar Analyst Rating™ of Silver. Pidcock’s departure has prompted the merger of the emerging markets and Asian teams under Robert Marshall-Lee. He will oversee the management of this product going forward, with Caroline Keen (an existing member of the Asian team) and Zoe Kan being responsible for day to day portfolio management. Kan is a member of the GEM team and previously worked with Pidcock on Asian mandates. We will be meeting with the new managers in the near future to discuss their investment approach.
See the latest Morningstar fund rating news here.
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