UK - Newton Investment Management, a subsidiary of Mellon Financial Corporation, has appointed Nick Clay and Rob Marshall-Lee as joint managers of the Newton Income Fund.
The company has also appointed Richard Wilmot as manager of the Newton Growth fund.
The £1.1bn Newton Income and £71m Newton Growth funds had followed a consistent investment strategy for some time, and the changes reflect Newton's aim greater differentiate between the two strategies.
The Newton Income fund will retain its focus on income and capital growth, while the Growth fund will return to its original focus on capital growth across the full spectrum of the UK equity market.
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