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Legal & General Dynamic Bond – Downgraded

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Artemis Strategic Bond – Downgraded

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Fidelity Global Inflation Linked Bond – Downgraded

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Goldman Sachs High Yield Portfolio – Downgraded

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Invesco Perpetual High Yield – Downgraded

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Invesco Sterling Bond – Downgraded

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Newton International Bond – Downgraded

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PIMCO Diversified Income – Downgraded

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PIMCO Emerging Markets – Downgraded

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Royal London Duration Hedged Credit – Downgraded

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Templeton Global Bond – Downgraded

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Legg Mason IF Royce US Smaller Companies - Downgraded

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GAM Star GAMCO - Downgraded

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GAM International Growth & Value - Downgraded

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M&G Global Leaders - Downgraded

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Artemis Global Growth - Downgraded

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Aberdeen Global World Equity/Aberdeen World Equity - Downgraded

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CF Odey Opus - Downgraded

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Standard Life UK Equity High Income - Downgraded

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Artemis Capital - Downgraded

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Franklin UK Equity Income - Downgraded

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Fidelity Special Situations - Downgraded

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Jupiter UK Growth - Downgraded

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Old Mutual UK Mid Cap - Downgraded

New Rating

Aviva Investors Multi-Strategy Target Income - New rating

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Man GLG Japan CoreAlpha Professional - Downgraded

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AXA Framlington UK Smaller Companies - Downgraded

Suspended

AXA Framlington UK Smaller Companies - Rating suspended

New Rating

Evenlode Income - New rating

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Lazard Global Listed Infrastructure Equity - New rating

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MedicX Fund - Downgraded

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Fidelity UK Smaller Companies - Downgraded

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Henderson UK & Irish UK Smaller Companies - New Rating

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Newton Global Income - Upgraded

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Alliance Trust - Downgraded

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Fidelity Global Dividend - New rating

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Newton Asian Income - Downgraded

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Henderson European Selected Opportunities - Downgraded

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Schroder European Alpha Plus - Downgraded

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AXA distribution – Rating suspended

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Trojan Income - New rating

New launch

Jupiter Asian Income

New Rating

Jupiter Asian Income - New rating

Rating upgraded

First State Greater China Growth - Upgraded

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Guinness Global Energy - New rating

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SSGA SPDR Barclays US Treasury Bond ETF GBP - New rating

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Vanguard US Government Bond Index GBP Hedged - New rating

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Jupiter Merlin Growth Portfolio - Downgraded

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Jupiter Merlin Worldwide Portfolio - Downgraded

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BlueCrest AllBlue - Downgraded

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Newton Asian Income - Downgraded

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.

Following a review of our recommended fund list we have put a 1* switch rating to this product owing to the availability of higher conviction alternatives elsewhere. We have removed the 2 star “Hold” rating from this fund.

In May 2015 we put this fund on “Hold” due to the manager change. Having managed this fund since launch in 2005 for 10 years, Jason Pidcock left Newton and re-emerged at Jupiter.

Due to our general policy of following the manager, not the fund, we have higher conviction in the recently 3 star rated Jupiter Asian Income fund, launched in March 2016, run by Pidcock and other funds we cover, such as:

  • Stewart Investors Asia Pacific Leaders
  • Schroder Asian Alpha Plus
  • SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF GBP
  • Fidelity Index Pacific ex Japan P

We have assigned the 1 star switch rating to this fund.

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing. Underlying investments in emerging markets are generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could both increase or decrease. These investments therefore carry more risk. Current or past yield figures provided should not be considered a reliable indicator of future performance. This is not advice to invest.