Newton Higher Income - Neutral

FUND RESEARCH UPDATE: Fund rating moved to Neutral.

Ruli Viljoen 30 September, 2013 | 1:15PM
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Following the Morningstar OBSR Analyst Ratings Meeting on 12th September 2013, we have moved the Newton Higher Income fund to a Morningstar OBSR Analyst Rating™ of Neutral. The fund was previously Under Review due to a change in manager. While we recognise that the current manager, Richard Wilmot, has experience in running UK equity funds, this is his first equity income mandate and he is now running a sizeable asset base.  There has also been turnover on the UK team over the past year and we think at this time, a Neutral Rating is appropriate for the fund.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BNY Mellon UK Income GBP Inc0.75 GBP-0.20Rating

About Author

Ruli Viljoen

Ruli Viljoen  is Head of Manager Selection, Morningstar UK

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