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Newton Global Higher Income

by Jennifer Hill on Mar 29, 2013 at 00:01

Citywire Selection Verdict: Bearish James Harries has benefited from a sizeable allocation in US equities in the recent past along with financially sound countries such as Switzerland, Singapore and Norway. Conversely he avoids China on the belief that it is coming to the end of a business cycle and still sees evidence of overheating in the property and banking sectors. He continues to reduce exposure to commodity backed currencies like the Canadian and Aussie dollar preferring to hedge assets back into the US dollar which he sees as the ultimate safe haven. The fund carries a high yield in part due to its large investments in Pharmaceuticals and Tobacco.

For more details view the latest fund factsheet .

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