Multi-Asset Global Balanced

Strategy highlights

: Newton’s longest-running strategy, managed since our formation in 1978

Invests in attractively valued stocks, with a sustained allocation to bonds and cash

Security selection driven by bottom-up proprietary research which is underpinned by our multidimensional approach

Learn more about our multidimensional investment philosophy

Strategy profile

Objective: The strategy seeks to outperform the custom blended benchmark by 1-2% per annum over rolling 5-year periods by investing in a global portfolio of equities, fixed-income and alternative securities.
Performance benchmark: 37.5% FTSE All-Share index, 37.5% FTSE World (ex-UK) index, 20% FTSE Actuaries UK Conventional Gilts All Stocks index and 5% SONIA (7-day compounded)
Typical number of security holdings: 60 to 110
Strategy inception: 22 September 1998 (BNY Mellon Global Balanced Fund).
Newton has managed UK Institutional Balanced strategies since its formation in 1978.
Strategy available through pooled UK vehicle: BNY Mellon Multi-Asset Global Balanced Fund

View fund performance
View Key Investor Information Document
View prospectus

Strategy factsheet

Performance and commentary for the last quarter.

Download Factsheet

Investment team

: Our Multi-Asset Global Balanced strategy is managed by an experienced team. In-house research analysts are at the core of our investment process, and our multidimensional research platform spans fundamental, thematic, responsible investment, quantitative, geopolitical, investigative and private-market research to promote better-informed investment decisions.

Want to find out more?

Simon Nichols

Portfolio manager, Global Opportunities team

Bhavin Shah

Portfolio manager, Mixed Assets Investment team

Paul Flood

Head of Mixed Assets Investment

Hilary Meades

Head of Charities Investment

Janice Kim

Associate Portfolio manager, Mixed Assets team

Mathieu Poitrat Rachmaninoff

Portfolio manager, Mixed Assets and Charities team

Insights

Article

Alpha drivers for deliberately different solutions

Our modular multi-strategy solutions offer diversified exposure to multiple return drivers.

15 November 2024 Dimitri Curtil

Blog

Can relative-value strategies future-proof your portfolio?

Diversified relative-value alpha streams can provide attractive and scalable risk-adjusted return potential.

14 September 2024 Dimitri Curtil, Catherine Doyle

Article

Reimagining the multi-asset portfolio in a new investment world

Explore the reasons why we believe now is the time to consider liquid alternatives.

29 August 2024 Mitesh Sheth

Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.

ESG can be one of many inputs into the fundamental analysis. Newton will make investment decisions that are not based solely on ESG analysis. Other attributes of an investment may outweigh ESG analysis when making investment decisions. The way that material ESG analysis is assessed may vary depending on the asset class and strategy involved. As of September 2022, the equity investment team performs ESG analysis on equity securities prior to their recommendation. ESG analysis is not performed for all fixed-income securities. The portfolio managers may purchase equity securities that are not formally recommended and for which ESG analysis has not been performed.

Key investment risks

: Objective/performance risk: The performance aim is not a guarantee, may not be achieved and a capital loss may occur. Strategies which have a higher performance aim generally take more risk to achieve this and so have a greater potential for returns to vary significantly.

Currency risk: This strategy invests in international markets which means it is exposed to changes in currency rates which could affect the value of the strategy.

Derivatives risk: Derivatives are highly sensitive to changes in the value of the asset from which their value is derived. A small movement in the value of the underlying asset can cause a large movement in the value of the derivative. This can increase the sizes of losses and gains, causing the value of your investment to fluctuate. When using derivatives, the strategy can lose significantly more than the amount it has invested in derivatives.

Changes in interest rates & inflation risk: Investments in bonds/money market securities are affected by interest rates and inflation trends which may negatively affect the value of the strategy.

Credit ratings and unrated securities risk: Bonds with a low credit rating or unrated bonds have a greater risk of default. These investments may negatively affect the value of the strategy.

Credit risk: The issuer of a security held by the strategy may not pay income or repay capital to the strategy when due.

Emerging markets risk: Emerging Markets have additional risks due to less-developed market practices.

Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect (‘Stock Connect’) risk: The strategy may invest in China A shares through Stock Connect programmes. These may be subject to regulatory changes and quota limitations. An operational constraint such as a suspension in trading could negatively affect the strategy’s ability to achieve its investment objective.

China Interbank Bond Market and Bond Connect risk: The strategy may invest in China interbank bond market through connection between the related Mainland and Hong Kong financial infrastructure institutions. These may be subject to regulatory changes, settlement risk and quota limitations. An operational constraint such as a suspension in trading could negatively affect the strategy’s ability to achieve its investment objective.

CoCos risk: Contingent convertible securities (CoCos) convert from debt to equity when the issuer’s capital drops below a pre-defined level. This may result in the security converting into equities at a discounted share price, the value of the security being written down, temporarily or permanently, and/or coupon payments ceasing or being deferred.

Counterparty risk: The insolvency of any institutions providing services such as custody of assets or acting as a counterparty to derivatives or other contractual arrangements, may expose the strategy to financial loss.