21 May 2015 - Following the resignation of Jason Pidcock from Newton, and the announcement that he will be moving to Jupiter Asset Management, Chelsea has removed the Newton Asian Income fund from both the Core Selection and the balanced Junior EasyISA.
Darius McDermott, managing director, Chelsea commented: “Newton's loss is Jupiter's gain – it's a great appointment for them. We've been fans of Jason since the fund was launched and have a high regard for his management skills. Asian Income was really his baby – he has managed and grown it since launch and investors have been very well rewarded. Investors in the fund will be hugely disappointed to lose such a good manager.”
Asian Income will move away from a lead and alternate manager structure to a team-based approach, under the leadership of Rob Marshall-Lee.
Details of which fund will replace Newton Asian Income in the Balanced Junior ISA will be posted on these news pages and included in the next issue of Viewpoint magazine, which is due to land on doorsteps at the end of June. If you don't currently receive a copy, please call us on 020 7384 7300 and we will happily send you one. Alternatively, you will be able to download a copy from this link at the end of June.