BNY Mellon Scoops Pensions Award
Newton Balanced Fund named top balanced fund by Moneywise
London
18 October 2011
Newton Investment Management, part of BNY Mellon Asset Management, was unveiled as having the Top Balanced Manager Fund in a Pension at the Moneywise Pension Awards 2011.
At the annual awards ceremony held in London in September, a panel of independent judges made their selections based on comparisons of charges, fund availability, administration and ease of use.
The judges voted the Newton Balanced Fund, managed by Iain Stewart, as being best in class in its sector for combining a portfolio of UK and international equities with fixed interest and cash assets to give balance. Indeed, panelists were quoted in Moneywise as being full of admiration for Newton's team, stating "Iain Stewart and his team have shown that capital growth and income can be achieved through smart exposure and stock selection of international securities", and "He runs a well-disciplined fund that is true to the house style, playing to the stock picking strengths of Newton".
Helena Morrissey, chief executive officer of Newton comments "It is a great achievement to win this top accolade against a competitive field of products. The comments made by the judging panel clearly demonstrate that Newton's thematic investment style, which has identified positive investment opportunities and delivered strong returns on behalf of our clients for many years, is highly regarded across the industry."
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 one of the world's leading asset management organizations, encompassing BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management can be found 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 $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 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 and through www.twitter.com/bnymellon.
*'Newton' includes the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited and Newton Capital Management LLC. Assets under management include assets managed by all of these companies except Newton Capital Management LLC, which provides marketing services in the U.S. for Newton Capital Management Limited. Except for Newton Capital Management LLC and Newton Capital Management Limited, none of the other Newton companies offer services in the US and Canada. Newton Capital Management Limited is an investment management firm authorized and regulated in the United Kingdom by the Financial Services Authority in the conduct of investment business and is a wholly owned subsidiary of The Bank of New York Mellon Corporation. Registered in England no: 2675952. Newton Capital Management Limited is registered in the United States as an investment adviser under the Investment Advisers Act of 1940. Unless otherwise stated, all information source BNY Mellon Asset Management as at 30 June 2011. This press release is qualified for issuance in the UK 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 of BNY Mellon Asset Management International: 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(SM).
