BNY Mellon Global Equity

Fully international trust, investing in equities.

  • 193.79p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.62%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.20%

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 27 November 2020, fund data last updated 31 August 2003

Fund summary

Sector Global
Structure OEIC
Launched June, 1987
Size £1,570m
Yield 0.20%
Charging basis Income
Dividends paid 31 Oct


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 1.62%


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Investment process

The objective of the fund is to achieve capital growth from a portfolio of international securities. The fund may also invest in collective investment schemes.

Manager research

Average monthly relative returns

  • 15/16 -0.30%
  • 16/17 -0.39%
  • 17/18 -0.01%
  • 18/19 -0.03%
  • 19/20 0.12%

Bestinvest MRI

  • 3 years 0.03%
  • 5 years -0.12%
  • Career -0.05%
  • 3 years 73.20%
  • 5 years 34.80%
  • Career 60.30%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Jeff Munroe

Munroe joined Newton in 1992, and was appointed as chief investment officer in 2001. As CIO, He is responsible for the effective functioning of Newton's investment process. He chairs the Investment Committee which acts as guardian of Newton's investment philosophy and culture. He is also a member of various Newton strategy and management groups. As a portfolio manager, he specialises in global equity and global multi-asset mandates including managing two local authority portfolios. His professional qualifications include being a Chartered Financial Analyst (CFA) and a member of The UK Society of Investment Professionals. He is a Director and member of the Newton Board as well as the Newton Executive.

Track record

Jeff Munroe has 8.8 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.05%. During the worst period of relative performance (from July 2012 - February 2018) there was a decline of 11% relative to the index. The worst absolute loss has been 14%.

Periods of worst performance

Absolute -14.00% (January 2020 - March 2020)
Relative -11.00% (July 2012 - February 2018)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.


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Top 10 holdings

Data accurate as at 31 July 2020

5.51% Microsoft Corp
4.84% Apple Inc
4.12% Inc
3.13% Sap Se
2.8% Alphabet Inc
2.72% Cisco Systems Inc
2.47% Abbott Laboratories
2.39% Citigroup Inc
2.32% Aia Group Ltd
2.27% Roche Hldg Ag
Source: Trustnet

Sector breakdown

Information Technology 27.00%
Health Care 14.00%
Consumer Discretionary 14.00%
Financials 12.00%
Consumer Staples 10.00%
Industrials 9.00%
Communications 8.00%
Utilities 3.00%
Money Market 2.00%
Energy 1.00%

Key Investor Information