Newton Investment Management has rebranded three funds in its mixed-asset range, as well as cutting charges on two portfolios and repositioning the third.
The asset manager has renamed Phoenix Multi-Asset, Balanced, and Managed funds as the Multi-Asset Diversified Return, Multi-Asset Balanced, and Multi-Asset Growth funds respectively. Newton has also cut charges for two of those portfolios - the £2.8bn Multi-Asset Balanced fund run by Iain Stewart (pictured) and the £1.5bn Multi-Asset Growth fund run by Chris Metcalfe. The funds' clean 'W' share class now has an annual management charge of 0.625%, down from 0.75%. Both funds now have an OCF of 0.67% as a result. Separately, Newton is also moving the Multi-Asset Diversified Return fu...
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