Newton Real Return Fund wins prestigious industry award
Winner of UK Lipper Fund Award 2011
London
10 March 2011
Newton Investment Management Limited, part of BNY Mellon Asset Management, reveals that the Newton Real Return Fund was last night announced as winner of the Absolute Return GBP High Category at the UK Lipper Fund Awards 2011.
Held in London, the Lipper Awards honour the funds, hedge funds, and fund management firms that have delivered stronger and more consistent performance than their peers. Lipper's proprietary fund rating methodology is used to determine the winners. This quantitative approach ensures that the Lipper Awards are performance-based and objective.
The award received by Newton recognises the three year investment performance of the Fund. As at 31 January 2011 the Fund delivered consistent investment returns over one, three and five year periods. Over one year the Fund returned 10.13%, over three years 24.58% and over five years 46.92%, compared to the LIBOR GBP 1 Month Plus 4% Index which delivered 4.59%, 19.93% and 44.28% and the IMA Absolute Return Sector which delivered 2.99%, 12.65% and 32.07%, over the same respective time periods*.
Iain Stewart, director of investment at Newton and portfolio manager of the Newton Real Return strategy comments: "To be awarded one of the industry's most coveted and distinguished investment awards in the UK clearly demonstrates that the Newton Real Return strategy is highly regarded by clients and rating agencies alike. Our aim is to deliver significant real rates of return for investors and our team-based global thematic investment philosophy continues to provide positive guidance to helping us meet our objectives."
Notes to editors:
Newton is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than £47 billion, including assets managed by Newton Investment Management as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.
BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management is available at www.bnymellonam.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.
*Source for all performance: Lipper as at 31 January 2011. Total return including income net of UK tax and annual charges, but excluding initial charge. For comparison, please note that the index quoted is gross of tax. All figures in sterling terms. The impact of the initial charge, which may be up to 4%, can be material on the performance of this investment. The Newton Real Return Fun is a subfund of BNY Mellon Investment Funds, an investment company with variable capital (ICVC) incorporated in England and Wales under registered number IC27 and authorized by the Financial Services Authority. Past performance is not a guide to future performance. The value of your investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. BNY Mellon Fund Managers Limited (BNY MFM) is the Authorised Corporate Director. BNY MFM, 160 Queen Victoria Street, London EC4V 4LA. Registered in England 1998251. The investment adviser to the sub-fund is Newton. ICVC investments should not be regarded as short-term and should normally be held for at least five years. All other information source BNY Mellon Asset Management International Limited as at 31 December 2010. This press release is qualified for issuance in the UK only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management International Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office: The BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority. A BNY Mellon Company.
