The UK-domiciled Newton Multi-Asset Income Fund, set to become active on 4 February, will seek to accumulate a diverse portfolio including bonds, equities, shares and cash as chosen by managers Paul Flood and Nick Clay.
The fund will take an active, direct, unconstrained bottom-up approach across all markets and sectors, focusing on sustainable income while searching for capital growth potential, with securities selected based on expected risk/return benefits.
It carries an annual management charge of 0.625% on the institutional W-share class.
Clay and Flood have managed the BNY Mellon Global Equity Higher Income and Newton Multi-Asset Diversified Return funds respectively since 2012, with 15 years’ industry experience between them. They will retain management of their current respective funds.
Fergus McCarthy, BNY Mellon IM co-head of UK intermediary distribution, said: “Given the recent changes to the UK pension landscape, we are seeing significant and growing client demand for multi-asset investment solutions that can provide a sustainable income while also providing the potential for capital growth over the long term.”
