Newton has launched a focused Global Opportunities fund to sit alongside its UK Opportunities offering.
The fund will be run by Alex Stanic, a member of the management team on the Newton Absolute Intrepid portfolio, and will aim to obtain capital growth from a portfolio of between 40 and 60 names.
The product will have no benchmark and Stanic will rely on ideas from Newton's global research team.
It draws on the concentrated, unconstrained, approach used on the offshore Mellon Global Intrepid Portfolio which the group has been running since October 2004.
The Newton Absolute Intrepid Fund on which Stanic currently serves is also unconstrained.
It has produced a return of -21.3% bid to bid over the five years to 20 June compared to an average return of -7.2% in the active managed sector.
However, the Newton UK Opportunities fund run by John Wood has been more successful. Over the three years to 20 June it has returned 44.9% before charges ranking it 16 out of 253 funds in the UK All Companies sector.
The group's analysts work by industry and across borders, and aim to identify the best-placed company in any global industry.
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets