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Newton changes lead portfolio manager role on two pooled vehicles


Newton Investment Management, BNY Mellon’s global thematic investment boutique, has changed the lead portfolio manager role on two pooled vehicles – Newton Higher Income Fund and Newton Oriental Fund.

Following a strategic review Newton has decided that lead portfolio management roles of its active equity and equity income pooled vehicles are most effective if kept distinct.
As a result, the company has decided to have separate lead managers on the Newton Higher Income Fund and Newton UK Equity Fund.
Christopher Metcalfe has been appointed as the new lead manager on the Newton Higher Income Fund. Metcalfe is the current manager of the Global Growth & Income Fund for Charities and the Newton Managed Fund. Metcalfe has delivered outperformance on the Newton Managed Fund with the fund producing top quartile returns for investors over three years until end of February 2014.
Metcalfe replaces Richard Wilmot who will continue to lead on the Newton UK Equity Fund. Wilmot will remain alternate portfolio manager on the Newton UK Opportunities Fund, with Paul Stephany continuing as the lead manager on this Fund.
Simon Pryke, chief investment officer of Newton says: “The Newton Higher Income Fund is now structured as we envisaged following the change to the yield discipline in 2013 and under Christopher’s new leadership on the fund, we believe that it is positioned to perform well. Christopher currently manages a range of portfolios with an income requirement and he has extensive experience in managing UK and global equity portfolios.”
Caroline Keen has been promoted to lead portfolio manager on the Newton Oriental Fund. Keen has been supporting Jason Pidcock as co fund manager on the Newton Oriental Fund since 2013 and has been a member of Newton’s Asian equities team since 2009.
Pryke says: “Since joining Newton in 2009, Caroline has become an integral member of our Asian Equities team. We are confident that by promoting Caroline to lead manager of the Newton Oriental Fund, our investors will benefit from her portfolio leadership.  Jason Pidcock will be the alternate portfolio manager."

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