S&P awards 'AAA' ratings to Newton funds

S&P has given new ‘AAA' ratings to Newton's Real Return and Balanced funds, which are both managed by Iain Stewart.

Newton Real Return, which sits in the IMA Absolute Return sector, was the previously named Newton Absolute Intrepid fund. The fund is up 4.7% over the year to 20 July, against an average 6.9% increase for the sector, according to Morningstar. Newton Balanced is up 0.8% over the year, compared to an average sector decline of 9.2%. "What you learn from managing multi asset portfolios is to have the courage of your convictions as the real secret to building worthwhile long-term returns is simply to avoid making losses," Stewart says. "That can mean steering clear of the latest mark...