Statwatch: Pidcock upbeat on Asia

Asia is continuing to generate its own growth through private consumption and intra-regional trade an...

Asia is continuing to generate its own growth through private consumption and intra-regional trade and tourism, according to Jason Pidcock, Asia fund manager at Newton. Pidcock manages the £85m Newton Asian Income and the £380m Newton Oriental funds, which are both predominantly invested within Asia Pacific. Since its launch on December 1 2005, Newton Asian fund has achieved bid-to-bid returns of 14.16% against a peer group average of 19.68%, according to Standard & Poor’s. The fund’s largest geographic position is Australia, with 27.8% of asset allocation, followed by 17.9% in Singapo...