Active investment manager using a distinctive global thematic investment approach and in-house proprietary research

Since inception, Newton has pursued a global thematic approach to investment which is consistently applied across all assets under management. This approach recognises that no economy, industrial sector or company should be seen in isolation when there is a global market for goods and services. Newton's global thematic approach to stock selection combines the skills of global industrial analysts and specialist portfolio managers and has driven the returns enjoyed by Newton's clients.

• Headquartered in London, UK
• Founded in 1978
• AUM US$76.4 billion^*
• Active investment management
• Distinctive global thematic investment approach
• Proprietary research-led
• Global multi-asset, equity and fixed income disciplines

• Newton invests in the beneficiaries of global themes; the forces driving global markets
• Invests on the basis of such sector or industry themes
• The most attractive stocks are the beneficiaries of the following evaluation criteria:

- the beneficiary of one or more investment themes
- financially and commercially sound
- reasonably priced

The global perspective is critical and is embedded in the three definitive stages of Newton's investment process:

• Idea generation: first the global investment framework is established by identifying global themes - the forces driving global markets - and the individual securities likely to benefit
• Portfolio construction: Leveraging the research effort, fund managers construct a portfolio focused on the portfolio's perspectives. The portfolio is then actively managed to ensure that it continually capitalises on opportunities in global markets
• Risk management: Objective qualitative and quantitative risk analysis to ensure that the portfolio is well positioned for performance relative to the portfolio mandate

^{* Source: Newton Group as at 30 June 2007}