Beagles applies strict yield criteria

Clive Beagles was a relatively unknown name in fund management when he took over the Newton Higher Income fund from Toby Thompson, now at New Star, on 2 July 2001. He was previously the alternative manager on the £700m, AA-rated fund for the five years before being appointed lead manager. In running the fund, Beagles continues to apply strict yield criteria in his stock selection. The fund has an estimated net yield of 5.3% and fees are taken from income. Since Beagles took over in July 2001, Newton Higher Income is ranked eight out of 76 funds in the UK All Companies sector to 14 Apr...