Fact sheet: Newton Global Opportunities

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
GLOBAL GROWTH
Sector
UT Global
Fund type
OEIC
Primary aim
GROWTH
Why Money Observer Rates Newton Global Opportunities

Rated Fund 2016-2017. Investing with a margin of safety

Newton Global Opportunities has been managed by Robert Hay since 2009. His fund has acquired a good track record for performing well in falling as well as rising stock markets thanks to his stock-picking skills.

His choices are guided by Newton's thematic approach, which helps to give its managers a framework for investing, highlighting areas where the group sees powerful, enduring and structural trends. It allows them to focus their time on selecting stocks in these areas and avoid areas deemed less desirable. But managers are free to make the final decision about which shares to buy.

The fund has a reasonably concentrated portfolio of 40 to 60 holdings. Hay likes to find those companies that have structural tailwinds or 'haven' qualities (such as a strong balance sheet, pricing power and cost flexibility) at a price that he thinks affords some margin of safety. He also seeks to determine how good the managers are at allocating capital, and invests for the long term.

Hay says that while it is not possible to immunise portfolios entirely from potential market volatility, he can try to ensure that the cash flows underlying his investments are relatively robust in a range of possible scenarios.

He emphasises the importance of being highly selective, of understanding the constituents of his portfolio as thoroughly as possible and, most importantly, of knowing why he holds them.

3 Year Performance
Fund Performance36.5%
Average of Rated Funds Group54.7%
Sector Performance34.2%
Fund information
Fund name
Newton Global Opportunities Inst W Acc GBP
Fund manager company
Newton & BNY Mellon Asset Mgmt
Fund type
OEIC
Fund managers
  • Robert Haysince 23/03/2009
Accolades
Fund objective
To achieve long-term capital growth from a concentrated portfolio predominantly invested in the securities of companies located worldwide. The Sub-Fund does not have a bias towards any economic sector or company size.
Benchmark
  • MSCI AC World
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
0.4%
1 Year rank in sector
230/248
Sector
UT Global
Yield
0.9%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.81%
Fund size
£265m (£365m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
94
Mid price
192.97
Top in this sector
Fund name1 Year
Baillie Gifford PostivChng35.6%
Aubrey GblConviction31.5%
TM Lansd DMLO SRI Fed26.5%
Equitile Resilience26.4%
Baillie Gifford Gbl Discovery24.1%
...more in UT Global

Performance snapshot

Holdings snapshot

  • USA50.7%
    UK9.5%
    Netherlands9.3%
    Japan9.2%
    Switzerland4%
  • Information Technology26.2%
    Consumer Staples20.5%
    Financials11.5%
    Consumer Discretionary9.9%
    Industrials9.4%
  • US Equities50.7%
    UK Equities9.5%
    Dutch Equities9.3%
    Japanese Equities9.2%
    Swiss Equities4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.9%-2.2%-2.5%0.4%36.5%71.8%
Sector-4.8%-1.4%1%6.7%34.2%61.7%
Rank within sector143 / 272193 / 268240 / 260230 / 248106 / 22180 / 199
Quartile3rd3rd4th4th2nd2nd
Calendar performance
 YTD - 20182017201620152014
Fund-4%6.5%22.9%11.9%12.2%
Sector-2.8%13.6%21%3.4%6.7%
Rank within sector229 / 272235 / 247111 / 23211 / 22023 / 207
Quartile4th4th2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
0.42
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.98
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.88
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
10.49
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.79
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.03
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.87
Price movement
52 week high204.76
52 week low188.02
Current bid price-
Current offer price-
Current mid price192.97
Region
1USA50.74%
2UK9.47%
3Netherlands9.33%
4Japan9.2%
5Switzerland3.99%
6France2.75%
7Germany2.73%
8Canada2.35%
9Mexico2.14%
Industry sector
1Information Technology26.19%
2Consumer Staples20.47%
3Financials11.46%
4Consumer Discretionary9.93%
5Industrials9.42%
6Health Care9.31%
7Fixed Interest6.06%
8Energy3.98%
9Materials2.71%
Asset type
1US Equities50.74%
2UK Equities9.47%
3Dutch Equities9.33%
4Japanese Equities9.2%
5Swiss Equities3.99%
6French Equities2.75%
7German Equities2.73%
8Canadian Equities2.35%
9Mexican Equities2.14%
Individual holdings
1MICROSOFT CORP3.82%
2ALPHABET INC3.7%
3CITIGROUP INC2.95%
4FERGUSON PLC2.92%
5GILEAD SCIENCES INC2.86%
6TJX COS INC2.83%
7CISCO SYSTEMS INC2.77%
8VIVENDI2.75%
9UNILEVER2.68%
Management
Fund manager group
Newton & BNY Mellon Asset Mgmt
Fund manager company
Newton & BNY Mellon Asset Mgmt
Fund type
OEIC
Fund objective
To achieve long-term capital growth from a concentrated portfolio predominantly invested in the securities of companies located worldwide. The Sub-Fund does not have a bias towards any economic sector or company size.
Benchmark
  • MSCI AC World
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Robert Hay23/03/2009Robert is an investment manager on the Global Equity team, and is lead manager of the Concentrated Global Equity strategy. He is a member of the global equity model group, which provide guidance for the construction of client portfolios. Robert began his career in the private investment division at Newton in 2000 and has managed a variety of global equity mandates. Robert is a CFA charterholder.
Compliance
Transparent for German Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Germany, Spain, United Kingdom
Newton Global Opportunities
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price273.53
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRZ30
Newton Global Opportunities B Acc
Initial charge-
Annual charge0.85%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price186.98
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSIT
Newton Global Opportunities B Inc
Initial charge-
Annual charge0.85%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price179.06
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGSIS
Newton Global Opportunities Exempt 2 Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price329.71
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeRZ29
Newton Global Opportunities Exempt 2 Net Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price155.46
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJEVW
Newton Global Opportunities Inst W Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price192.97
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGQ4Q
Newton Global Opportunities Inst W Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price182.43
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGQ4P
Newton Global Opportunities X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price357.2
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCRZ7
Data provided by

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