020 7189 9999 Mon - Fri: 7.45am to 6pm(Thur: Open till 8pm)Sat: 9.30am - 1.30pm
  •  
Bestinvest rating
NEWTON ASIAN INCOME

NEWTON ASIAN INCOME - Overview

Overview of NEWTON ASIAN INCOME

This Fund invests throughout Asia (excluding Japan) and Australasia with the aim of a high and rising income together with capital growth. The target yield is 35% above that of the index. The process is similar to that of other Newton equity income funds, employing a strict yield discipline and feeding off trends such as Asian urbanisation identified by Newton's top-down strategic process.

  • Standard Initial Charge 0.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector Asia Pacific Excluding Japan
Structure OEIC
Launched November, 2005
Size £4,938m
Yield 4.7%
Charging basis Capital
Dividends paid Feb, May, Aug, Nov

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.64%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

This has been one of our favourite funds, particularly attractive for its perceived to be more defensive income feature, offering a consistently high yield in excess of 5% due to the stringent income targets. The fund has a consistent strong long-term performance record. Despite the departure of the lead manager Jason Pidcock in May 2015, the fund is likely to be managed in a similar fashion to that of the past few years, regardless of the manager change, ensuring continuity. The co-manager Caroline Keen, who has worked on the fund alongside Pidcock since 2011, has remained with Newton and will continue to co-manage the fund. The new lead manager is yet to be named.

Portfolio

Allocation Proportion(%)
Equity 98
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 2
Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 97
Other Equity 0
Allocation Proportion(%)
Large Caps 77
Mid Caps 23
Small Caps 0

View all performance data for this fund

Investment process

The fund aims to achieve a high and rising income together with long-term capital growth primarily through investments in securities in the Asia ex Japan region (including Australia and New Zealand). As with other Newton equity income funds strict yield criteria apply to all securities in the portfolio. Stocks are identified that initially pay a prospective yield in excess of that of the reference benchmark, the FTSE AW Asia Pacific ex Japan Index. This reduces the investment universe from over 1,500 stocks to around 600. Any stock whose yield falls to a 15% discount to the benchmark will be sold. The manager identifies stocks that offer an attractive yield, and also those that are in a position to significantly grow their dividend over the medium-to-long term.

Live feed

Bid price(inc) 177.11p
Accum units 177.11p
Fund commentary 06/09/11
Fund data updated on 29/05/15

Asset allocation

Allocation Proportion(%)
Equity 98
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 2

Equity Geographic

Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 97
Other Equity 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 77
Mid Caps 23
Small Caps 0

Top 10 holdings

As at: 28/02/2015
3.71% Taiwan Semiconductor Manufacturing
3.69% Transurban Group
3.6% Meridian Energy Ltd
3.21% Telstra Corp Ltd
2.77% Philippine Long Distance Telephone
2.76% Amcor
2.73% Scentre Group Trust 1 Stapled Securities
2.65% Wesfarmers
2.6% Sydney Airport
2.47% Link Real Estate Investment Trust Units
Source: Trustnet

Sector breakdown

Financials 26%
Industrials 20%
Telecommunications 16%
Oil & Gas 8%
Consumer Services 7%
Technology 7%
Utilities 6%
Money Market 5%
Basic Materials 4%
Consumer Goods 1%

Portfolio details

40-50 stocks.

Constraints

No specific market cap bias or sector limits. Fund must yield more than 35% higher than the benchmark and stocks yielding more than 15% under the benchmark must be sold
The portfolio usually has very little commonality with the benchmark and so performance can be expected to differ markedly on occasions.

Invest in an existing account

This fund is not available to invest

Open a new account

This fund is not available to invest