Newton discounts Euro fund by 1%

Newton is offering a 1% discount on investments into its new European High Yield Bond fund, which will aim to achieve a yield of 9.46%. The normal 4% initial charge will be discounted to 3% until 29 September. There is an annual management charge of 1.5%. IFAs are offered 3% front-end commission and 0.5% renewal. The fund will be managed by Helena Morrissey, head of fixed interest at Newton and will contain a portfolio of pan-European fixed interest bonds, hedged back into sterling. Theresa Egan will support Morrissey on the fund. A sub-fund of Newton's Oeic, the portfolio will invest a ...