Newton to bring Managed Income Fof to retail market

The Newton Managed Income fund, which IFAonline's sister title Investment Week understands will launch on 28 May, will sit in the IMA Mixed Investment 20% to 60% Shares sector. It already has a four-year track record, having been run by Newton for Scottish Widows since March 2008. Over that period, Managed Income has returned 34.5% versus an average return of 12.8% for the Mixed Investment 20-60% Shares sector, according to figures from Newton. The fund's historic yield is 5.2%, though this does not take into account the lower projected yield from Newton Higher Income in current marke...