Newton

Richard Wilmot has been named the new lead manager of the £2.2bn Newton Higher Income fund, previously managed by Tineke Frikkee.

EUROPE

GLOBAL EQUITIES

James Harries has handed over lead management of the offshore £2.8bn BNY Mellon Global Equity Higher Income fund to Nick Clay in a reshuffle of the firm's income team.

Asset management boutique Newton, a subsidiary of BNY Mellon, is set to launch fully unbundled Retail Distribution Review (RDR)-ready share classes across its entire fund range in September.

Newton is to launch an Emerging Markets Income fund for Jason Pidcock to complement the manager's existing £2.1bn Asia Income fund.

UK Money Market funds swung back in favour in May as investors looked to shelter money amid the ongoing eurozone debt crisis, according to figures from FundsNetwork.

Newton is to launch a Managed Income fund to retail and institutional clients, giving investors a single port of call for access to strategies run by Tineke Frikkee, James Harries, Jason Pidcock and others.

PERFORMERS

Newton Investment Management's Jason Pidcock, is anticipating attractive investment opportunities in Australia, despite its reliance upon China for growth.