Winner of UK Lipper Fund Award 2011
London, 10 March 2011 — Newton Investment Management Limited, part of BNY Mellon Asset Management, reveals that the Newton Real Return Fund was last night announced as winner of the Absolute Return GBP High Category at the UK Lipper Fund Awards 2011. Held in London, the Lipper Awards honour the funds, hedge funds, and fund management firms that have delivered stronger and more consistent performance than their peers. Lipper's proprietary fund rating methodology is used to determine the winners. This quantitative approach ensures that the Lipper Awards are performance-based and objective.
The award received by Newton recognises the three year investment performance of the Fund. As at 31 January 2011 the Fund delivered consistent investment returns over one, three and five year periods. Over one year the Fund returned 10.13%, over three years 24.58% and over five years 46.92%, compared to the LIBOR GBP 1 Month Plus 4% Index which delivered 4.59%, 19.93% and 44.28% and the IMA Absolute Return Sector which delivered 2.99%, 12.65% and 32.07%, over the same respective time periods*.
Iain Stewart, director of investment at Newton and portfolio manager of the Newton Real Return strategy comments: "To be awarded one of the industry's most coveted and distinguished investment awards in the UK clearly demonstrates that the Newton Real Return strategy is highly regarded by clients and rating agencies alike. Our aim is to deliver significant real rates of return for investors and our team-based global thematic investment philosophy continues to provide positive guidance to helping us meet our objectives."
Newton is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than £47 billion, including assets managed by Newton Investment Management as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.
BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management is available at www.bnymellonam.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.