BNY Mellon Investment Management’s multi-asset range comprises strategies that help a range of investors achieve their goals, whether it’s individuals saving for and in retirement or institutions.
Income and growth
Access multi-asset solutions for different investor needs
Newton offers a choice of multi-asset solutions to meet investors’ unique mix of yield / risk appetite.
Why Newton for multi-asset?
Newton total AUM - by investment team (£bn)
Multi-asset strength and experience at Newton
Chief Investment Officer Multi-Asset, leads a team of 34 professionals covering the full spectrum of multi-asset investing. For each fund or portfolio NIM allocates a named lead portfolio manager (sometimes more than one), as well as an alternate, supported by a wider team of generalists and specialists, depending on the benchmark, target and breadth of investment universe a client is interested in. Named fund managers will draw widely in terms of idea generation but have final say and accountability for all decisions made.
Joined Newton: 2022
Joined industry: 2000
Joined Newton: 2004
Joined industry: 1984
Global head of multi-asset solutions, is the Investment Team Leader with responsibility for the FutureLegacy range, alongside other retirement solutions including the Smart Path Target Date range. In addition to overseeing the team of portfolio managers and researchers responsible for the firm’s systematic multi-asset strategies, Dimitri also leads the development and enhancement of the research underpinning the firm’s multi-asset strategies. Dimitri’s specific areas of research include absolute return and total return strategies as well as risk parity, alternative risk premia and tail-risk hedging solutions.
Joined Newton: 2021
Joined industry: 2005
Joined Newton: 2004
Joined industry: 2004
Joined Newton: 1982
Joined industry: 1977
Newton Research Team:
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Key investment risks:
- Objective/Performance Risk: There is no guarantee that the Fund will achieve its objectives.
- Performance Aim Risk: The performance aim is not a guarantee, may not be achieved and a capital loss may occur. Funds 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 Fund invests in international markets which means it is exposed to changes in currency rates which could affect the value of the Fund.
- Geographic Concentration Risk: Where the Fund invests significantly in a single market, this may have a material impact on the value of the Fund.
- 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 Fund 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 Fund.
- 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 Fund.
- Credit Risk: The issuer of a security held by the Fund may not pay income or repay capital to the Fund when due.
- Emerging Markets Risk: Emerging Markets have additional risks due to less-developed market practices.
- Charges to Capital: The Fund takes its charges from the capital ofthe Fund. Investors should be aware that this has the effect of lowering the capital value of your investment and limiting the potential for future capital growth. On redemption, you may not receive back the full amount you initially invested.
- China Interbank Bond Market and Bond Connect risk: The Fund 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 Fund’s ability to achieve its investment objective.
- CoCo’s Risk: Contingent Convertible Securities (CoCo’s) 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 Fund to financial loss.
- Sustainable Funds Risk: The Fund follows a sustainable investment approach, which may cause it to perform differently than funds that have a similar objective but which do not integrate sustainable investment criteria when selecting securities. The Fund will not engage in stock lending activities and, therefore, may forego any additional returns that may be produced through such activities.
- Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect (“Stock Connect”) risk: The Fund 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 Fund’s ability to achieve its investment objective.
- Investment in Infrastructure Companies Risk: The value of investments in Infrastructure Companies may be negatively impacted by changes in the regulatory, economic or political environment in which they operate.
- High Yield companies risk: Companies with high-dividend rates are at a greater risk of not being able to meet these payments and are more sensitive to interest rate risk.
For a full lists of risks applicable to these funds, please refer to the prospectus or other offering documents.
- Source: BNY Mellon as of 30.09.2022. We have calculated the risk and reward category, as shown above, using a method of calculation derived from EU rules. It is based on the rate at which the value of the Fund has moved up and down in the past (i.e. volatility) and is not a guide for the future risk and reward category of the Fund. The category shown is not a target or guarantee and may shift over time. Even the lowest category 1 does not mean a risk-free investment.
- Source: Newton Investment Management, data as of 30.09.2022.
- £90bn AUM including £46.3bn managed across a variety of multi-asset strategies as at 30 June 2022. Newton’s global AUM is adjusted lower to factor in any double counting of affiliate fund or fund-of-fund assets which can occur when a Newton multi-asset strategy invests in a BNY Mellon fund, that is sub-advised by Newton. At end June 2022, total assets invested by Newton multi-asset strategies on this basis was £3.1bn. To avoid double counting we extract these assets from Newton’s global AUM, which results in a total global AUM of £89.7bn for Newton. Mixed Assets and Charities team assets of £9.9bn includes £1.7bn of this form of double-counted assets. Multi-Asset Solutions team assets of £18.1bn includes £1.5bn of this form of double-counted assets.
- Combined research / investment.
*The fund can invest more than 35% of net assets in different Transferable Securities and Money Market Instruments issued or guaranteed by any EEA State, its local authorities, a third country or public international bodies of which one or more EEA States are member.
** Source: Newton, December 2022. Target asset allocation data is hypothetical and not based on an actual trading history, but rather on the model portfolio. The charts above illustrate the breakdown of equities and bonds by region/market. Information shown is that of a model portfolio(s). There are no guarantees that the actual portfolio(s) will reflect the model data shown. The BNY Mellon FutureLegacy funds are actively managed typically by using forward-looking expectations of volatility. In doing so, the Investment Manager uses its own internal risk model, whilst also considering external independent risk profiling methodologies. Based on a risk profile scale of 1 (lowest) to 10 (highest), the funds target risk profiles of 3, 4, 5, 6 and 7 but this is not guaranteed. The risk profile targeted by each of the BNY Mellon FutureLegacy funds can be identified through the number included in the respective fund’s name. This risk profile is not the same as the risk and reward category shown in the funds’ Key Investor Information Document(s). The risk profiles of the funds are currently assessed against the risk ratings scale provided by Dynamic Planner, but is subject to change at the ACD’s discretion. Dynamic Planner Risk Ratings should not be used for making an investment decision and it does not constitute a recommendation or advice in the selection of a specific investment or class of investments.
Dynamic Planner Risk Ratings should not be used for making an investment decision and it does not constitute a recommendation or advice in the selection of a speciﬁc investment or class of investments.
Assets under management (AUM) relates to the combined assets managed by the Newton Investment Management group. From 1 September 2021, Newon group of companies includes Newton Investment Management Limited (NIM) and Newton Investment Management North America LLC (NIMNA).
The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed.