BNY closes amber-rated Newton Managed Targeted Return fund after failed merger

Underperformance challenges

Sorin Dojan
clock • 2 min read

BNY has closed the Newton Managed Targeted Return fund after receiving an amber rating last year due to underperformance challenges and failing to attract sufficient support for a merger.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

AJ Bell removes two BlackRock mandates from Favourite Funds list

AJ Bell removes two BlackRock mandates from Favourite Funds list

Adds FSSA Asia Focus fund

Michael Nelson
clock 08 January 2026 • 2 min read
Janus Henderson and HSBC sign global equity fund distribution deal

Janus Henderson and HSBC sign global equity fund distribution deal

Boosts diversification

Patrick Brusnahan
clock 08 January 2026 • 1 min read
Blue Whale Growth fund exits Mastercard and Visa but can 'easily come back'

Blue Whale Growth fund exits Mastercard and Visa but can 'easily come back'

'Valuations limited future upside'

Patrick Brusnahan
clock 07 January 2026 • 2 min read
Trustpilot