Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a644550

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.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the funds

  • Newton Higher Income GBP Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Newton UK Equity Inst GBP Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Richard Wilmot
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Tineke Frikkee
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet