Newton enjoys a double dose of success

Newton Investment Management, part of BNY Mellon Asset Management, received top industry recognition at the prestigious Money Observer Awards 2009 held in London last week.

The Newton Oriental Fund achieved 'Highly Commended' in the Best Asia Pacific Award category, and the Newton UK Opportunities Fund achieved 'Highly Commended' in the Best UK Growth Category.

The Money Observer Awards focus on the top performing funds in Britain. Both the Newton Oriental Fund and the Newton UK Opportunities Fund are recognised in the industry as funds that have delivered top performance, both beating their respective sector averages over 1, 3, and 5 year periods*. Launched in 1990, the £595m Newton Oriental Fund's objective is to achieve capital growth by investing in securities predominantly in Asian and Pacific markets, including Australia and New Zealand, but excluding Japan. The Newton UK Opportunities Fund's objective is to maximise long-term capital growth from a concentrated portfolio primarily invested in the securities of UK companies, without a bias towards any economic sector or company size. Launched in February 2002, the Fund now has over £330m of assets under management*.

Helena Morrissey, chief executive officer of Newton said "We are delighted that two of our funds were 'Highly Commended' at the Money Observer Awards. Newton's solid investment process has ensured strong returns throughout diverse market environments over the last 30 years. Our thematic approach to investing has helped us navigate the difficult investment environment that we have found ourselves in over the last year. Our focus continues to be on identifying positive investment opportunities and seeking to deliver strong returns on behalf of our clients. We are immensely proud of the fact that we continue to be recognised across the asset management industry for our achievements."

In association with Lipper, The Money Observer Awards are based on an initial quantitative performance screening. The Money Observer editorial team then makes further judgment on qualitative aspects of the funds under consideration, including fund manager tenure, objective and ease of access to private investors. Full details of the quantitative process can be found by visiting http://www.moneyobserver.com/node/186 .