Newton

Newton income manager Iain Stewart has warned the problems in Greece are just the tip of the iceberg of a ‘monetary distortion' across the developed world and could trigger 'debt dominoes' throughout Europe.

Rathbones has further expanded its team of investor directors with the appointment of Peter Anwyl-Harris and James Brennan.

Newton's managers have warned an Italian bailout would cause deadlock in the European banking system and herald the end of the eurozone in its present structure, as the sovereign debt crisis deepens.

The Cautious Managed sector remains at the top of the leaderboard on the Cofunds platform, taking 32% of net sales in June.

Newton's Paul Brain said the possibility of Greece defaulting on its debt has tripled since a bailout was first agreed, resulting in a higher risk the country could leave the euro by the end of this year.

Newton's Asian Income manager Jason Pidcock is favouring commodity-related stocks, a sector normally avoided by income seekers in the UK.

Jason Pidcock is the manager of the £907m Newton Asian Income fund, which ranks second in its peer group over three years. Here he picks his top five dividend-paying Asian stocks.

Newton's Raj Shant has handed over the European Higher Income Fund to his colleague Fred Moore.

Newton manager believes tightening policy now could be detrimental to growth.

ON UK INCOME