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 Demand for European equity
income funds is set to gain
momentum in the next two years
and could spark the launch of a
separate IMA sector, according to
Aaron Barnfather, Newton’s
director of European equities. | |  |

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 Newton is to open its fourth equity
income portfolio when it launches
the Newton European Higher
Income fund next week. | |  |

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 One of the main themes to have come out of the last profile
of Newton (Fund Strategy, January 23, 2006) was its need for
stability. In the preceding two years it had lost a host of
high-profile managers and several of its funds were underperforming
in their peer groups. | |  |

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 Newton are
preparing to launch the European
Higher Income touted last year. | |  |

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 Mellon is poised to launch
the Newton European Higher
Income Fund for which only
holdings yielding 15pc more
than their domestic market will
be considered. | |  |
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