BNY Mellon Global Equity

Fully international trust, investing in equities.

  • 168.96p Price (Inc)
  • - Price (Acc)
  • 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.62% Ongoing charges
  • 0.40% Yield

Prices as at 06 December 2019, fund data last updated 31 August 2003

Fund summary

Sector Global
Structure OEIC
Launched June, 1987
Size £1,757m
Yield 0.40%
Charging basis Income
Dividends paid 31 Oct

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 1.62%

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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

  • 14/15 0.13%
  • 15/16 -0.10%
  • 16/17 -0.46%
  • 17/18 -0.02%
  • 18/19 -0.05%

Bestinvest MRI

  • 3 years -0.18%
  • 5 years -0.10%
  • Career -0.09%
  • 3 years 24.80%
  • 5 years 41.30%
  • Career 48.00%

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 7.7 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.09%. 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 10%.

Periods of worst performance

Absolute -10.00% (September 2018 - December 2018)
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 August 2019

5.3% Microsoft Corp
4.1% Alphabet Inc
3% Aia Group Ltd
2.79% Cisco Systems Inc
2.55% Sap Se
2.54% Relx Nv
2.53% Ferguson Plc
2.47% Apple Inc
2.46% Vivendi
2.46% Medtronic Inc
Source: Trustnet

Sector breakdown

Information Technology 18.00%
Consumer Staples 17.00%
Health Care 14.00%
Financials 12.00%
Communications 10.00%
Industrials 10.00%
Consumer Discretionary 7.00%
Money Market 4.00%
Utilities 4.00%
Energy 3.00%

Key Investor Information

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