Newton unveils fund for charities

Charity investingNewton Investment Management has launched a fund for charities investing for both capital growth and income from a global portfolio of equities and fixed income. The Newton Growth Fund for Charities follows Newton’s global thematic investment approach, which integrates responsible investment considerations. Newton Investment Management, which is part of BNY Mellon, says the fund has no income target and a policy of making no direct investment in companies that derive more than 10% of turnover from tobacco production. Simon Nichols, who is part of the global multi-asset investment team, is the lead portfolio manager. The fund is a sub-fund of the new UK umbrella unit trust BNY Mellon Charities Funds and complements and existing, dedicated charity fund range. Investment is restricted to UK charity investors and the initial investment is at least £5,000 (€6,099). ©2014 funds europe

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