BNY Mellon Multi-Asset Growth

Invests almost entirely in equities with around 50% in the UK.

  • 900.80p Price (Inc)
  • - Price (Acc)
  • 0.00% Initial charge
  • 1.50% Annual management charge
  • 1.62% Ongoing charges
  • 0.60% Yield

Prices as at 10 December 2019, fund data last updated 06 April 2010

This international fund invests almost entirely in equities with typically around 50% UK exposure. Though a stockpicking fund, the process also incorporates investment themes from Newton's strategy group such as globalisation. Though Newton have a strong global team and a high quality process we have higher conviction in other international equity funds.

Fund summary

Sector Flexible Investment
Structure OEIC
Launched March, 1990
Size £1,584m
Yield 0.60%
Charging basis Income
Dividends paid 28 Feb, 30 Sep

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 fund’s objective is to achieve capital and income growth from a portfolio of widely diversified international securities. All stocks in the portfolio are derived from the Research Recommended List, a portfolio selected by Newton's global analysts. Based in London, the analysts are organised by sector with each comparing the stocks in their sector on a global basis. Newton's team of global fund managers then adapt the Research Recommended List into an idealised model portfolio which represents their best ideas. This list is further adapted by the fund manager to reflect the individual fund's objectives. There are no geographic constraints, but around 50% of the fund is typically invested in the UK. The reference benchmark is the WM Private Clients Growth, which consists predominantly of equities but includes some bonds. The process also incorporates long term themes,such as globalisation, identified by Newton's strategy group.

Manager research

Average monthly relative returns

  • 14/15 0.00%
  • 15/16 0.00%
  • 16/17 -0.19%
  • 17/18 -0.09%
  • 18/19 -0.13%

Bestinvest MRI

  • 3 years -0.14%
  • 5 years 0.00%
  • Career -0.07%
  • 3 years 50.00%
  • 5 years 0.00%
  • Career 63.30%

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

Simon Nicholls

Nicholls qualified as a Chartered Accountant with KPMG before moving to PriceWaterhouseCoopers and Wilton where he gained experience in corporate insolvency and private equity investing respectively. In April 2001 he joined Newton, working in the management of UK Equities. Whilst at Newton Nicholls has gained the CFA designation.

Track record

Simon Nicholls has 3.6 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been -0.07%. During the worst period of relative performance (from December 2009 - February 2012) there was a decline of 8% relative to the index. The worst absolute loss has been 7%.

Periods of worst performance

Absolute -7.00% (May 2011 - September 2011)
Relative -8.00% (December 2009 - February 2012)

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

4.11% Samsung Sdi
3.89% Aia Group Ltd
3.13% Diageo
2.74% Microsoft Corp
2.58% Applied Materials Inc
2.45% Sap Se
2.38% Relx Nv
2.38% Etfs Nickel
2.34% Abbott Laboratories
2.18% Apple Inc
Source: Trustnet

Sector breakdown

Industrials 17.00%
Financials 16.00%
Technology 15.00%
Consumer Services 10.00%
Consumer Goods 10.00%
Money Market 10.00%
Health Care 7.00%
Oil & Gas 5.00%
Basic Materials 4.00%
Fixed Interest 4.00%

Portfolio

The fund holds 140-160 stocks. Any cash is residual and will typically be less than 5% of the portfolio.

Constraints

This fund has no country, region, sector or industry restrictions.

Key Investor Information

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