NEWTON CAPITAL MANAGEMENT LIMITEDOverview
TD Mutual Funds Advised
Investment Philosophy
Management Team
Adviser Reports
OverviewNewton* was formed in 1978 as a joint venture with Reed Stenhouse, the Scottish insurance broker. Following Alexander & Alexander’s acquisition of the company in 1986, the company was reorganized and renamed Newton Investment Management. In October 1998, Newton completed an agreement for Mellon (now The Bank of New York Mellon Corporation) to acquire a majority interest in the company. At the beginning of July 2001, Mellon exercised its option to acquire most of the remaining shares. A further transaction in May 2002 completed Mellon’s acquisition of the Newton Group. Newton was Mellon’s first substantial acquisition outside the US. Newton is a wholly owned, but operationally autonomous, subsidiary of The Bank of New York Mellon Corporation, which was formed on July 1, 2007, after a merger between The Bank of New York Company, Inc. and Mellon Financial Corporation. Newton has full investment autonomy, and being owned by BNY Mellon allows Newton to be totally focused on investment management, as many support services – including human resources, legal, building operations and IT – are provided centrally by the parent organization. Newton Capital Management Limited is the Securities and Exchange Commission (SEC)-registered affiliate of the UK asset manager Newton Investment Management Limited.
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Investment PhilosophyOur investment philosophy is based upon our conviction that no company, market, or economy can be considered in isolation; each must be understood in a global context. We believe firmly that, in a rapidly shrinking world, investment prospects can only be evaluated properly by understanding events, trends and competitive pressures on a worldwide basis. We believe also that a geographically constrained approach limits a portfolio manager's ability to harness investment opportunities. Our investment approach is founded upon the use of themes which represent our ideas about likely forces of change in the world. Our global, thematic philosophy and process allow us to gain long-term perspective on global financial markets and economies, to anticipate how the world will change and to identify the beneficiaries of such change. Our themes evolve over time: old ones may cease to be relevant and new ones emerge as the investment backdrop changes. Because themes are about change, our process is much less likely to be caught out by change. Newton’s appeal; core beliefs:
Performance:
Newton exists primarily to increase the wealth of its clients by aiming to deliver strong and transparent investment performance.
Perspective:
Newton uses a distinctive global, thematic approach to maintain perspective and to generate strong and durable investment ideas.
Teamwork:
Newton uses a coherent, collaborative and enduring team-based investment approach.
Consistency:
Newton seeks to achieve consistent and stable growth in its business, to maintain strong investment performance and to manage portfolios that are appropriate to the fulfillment of clients' objectives.
Management Team |  | Terry Coles Title:
Investment Manager, Global Funds
Education:
BSc, Western Carolina University Chartered Financial Analyst designation
Industry Experience:
Since 1997
Previous Positions:
Global Fund Manager, F&C Asset Management; Global Fund Manager, Morgan Stanley; Supervisor Offshore Dealing, Fidelity
Fund(s):
TD Global Growth Fund |
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