Newton Higher Income

The Newton Higher Income fund has picked up its short-term performance while still producing 169% of the All-Share yield. The frAAA rated UK equity income fund run by Toby Thompson is now 16 out of 92 funds on a bid to bid basis over three months to 26 April. Over one year it is 25 out of 89 on an offer to bid basis. Thompson said the fund is managed with the strict discipline of only holding shares that yield more than the FTSE All-Share, meaning he has been unable to hold high growth companies like telecoms and technology. Against the FTSE All-Share, the fund is 18% underweight teleco...