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Newton restructure sees Frikkee lose Higher Income fund
by Emma Dunkley on Dec 10, 2012 at 12:11
In an attempt to mould the fund to this new landscape, Newton said it will look to reduce the fund’s yield over the next 18 months, with the aim of meeting at least a 10% premium per annum to the FTSE All Share yield over rolling three-year periods.
These changes should allow the dividend to grow over the long-term from this new level and provide an attractive total return to investors.
'We are confident that going forward the Newton Higher Income fund will achieve both a premium income and an attractive total return in the long run, in line with what we aim to achieve with the rest of our equity income funds,' Pryke added.
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