Newton Asian Income - Under Review

FUND RESEARCH UPDATE: Fund rating placed Under Review

Jeremy Beckwith 21 May, 2015 | 1:40PM
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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.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BNY Mellon Asian Income GBP Inc2.10 GBP0.86Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK

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