UK Institutional UK Long-Gilt

Strategy highlights

  • Seeking to maximise returns primarily through investing in securities issued or guaranteed by the UK government
  • Scope to invest a small proportion in the issuance of governments of foreign countries or corporate bodies
  • Managed by a focused, experienced fixed-income team
  • Security selection driven by bottom-up proprietary research which incorporates consideration of environmental, social and governance (ESG) risks, issues and opportunities
Find out more about our investment philosophy

Strategy profile

Objective

The strategy seeks to marginally outperform the FTSE Actuaries UK Conventional Gilts Over 15 Years Index, over rolling 5-year periods, by achieving long-term income and capital growth from a portfolio comprised predominantly of government bonds and other public fixed-income securities.

Performance benchmark

FTSE Actuaries UK Conventional Gilts Over 15 Years Index

Strategy inception

Composite inception: 1 January 1996

Strategy available through pooled UK vehicle

BNY Mellon Long Gilt Fund

View fund performance
View Key Investor Information Document
View prospectus
UK Inst Long gilt strategy factsheet

Strategy factsheet

Performance and commentary for the last quarter.

Download Factsheet

Investment team

The strategy is managed by a focused, experienced fixed-income team. In-house research analysts are at the core of our investment process, and our multidimensional research platform spans fundamental, thematic, ESG, quantitative, geopolitical, investigative and private-market research to promote better-informed investment decisions.

Want to find out more?

Contact us

Carl Shepherd
Carl Shepherd

Portfolio manager, Fixed Income team

Howard Cunningham
Howard Cunningham

Portfolio manager, Fixed Income team

Parmeshwar Chadha
Parmeshwar Chadha

Portfolio manager, Fixed Income team

Jon Day
Jon Day

Portfolio manager, Fixed Income team

Trevor Holder
Trevor Holder

Portfolio manager, Fixed Income team

Ella Hoxha
Ella Hoxha

Head of Fixed Income

Insights

Newton Investment Management Logo
Video

Fixed Income outlook Q2 2024

Ella Hoxha considers the impact of sticky inflation and upcoming political events on bond markets.
03 July 2024
Path, Nature, Outdoors
Blog

Teaser title text

Teaser text.
28 March 2024
Video

Brainwaves 11: Is it time for an absolute-return revival? Brainwaves 11: Is it time for an absolute-return revival?

Does the new market regime provide a backdrop that could help absolute-return strategies to prosper? Does the new…
22 February 2024 Matt Goodburn, Paul Brain, Catherine Doyle

Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.

ESG can be one of many inputs into the fundamental analysis. Newton will make investment decisions that are not based solely on ESG analysis. Other attributes of an investment may outweigh ESG analysis when making investment decisions. The way that material ESG analysis is assessed may vary depending on the asset class and strategy involved. As of September 2022, the equity investment team performs ESG analysis on equity securities prior to their recommendation. ESG analysis is not performed for all fixed-income securities. The portfolio managers may purchase equity securities that are not formally recommended and for which ESG analysis has not been performed.

Key investment risks

  • Objective/performance risk: There is no guarantee that the strategy will achieve its objectives.
  • Currency Risk: This strategy invests in international markets which means it is exposed to changes in currency rates which could affect the value of the strategy.
  • Geographic concentration risk: The strategy primarily invests in a single market which may have a significant impact on the value of the strategy.
  • Derivatives risk: Derivatives are highly sensitive to changes in the value of the asset from which their value is derived. A small movement in the value of the underlying asset can cause a large movement in the value of the derivative. This can increase the sizes of losses and gains, causing the value of your investment to fluctuate. When using derivatives, the strategy can lose significantly more than the amount it has invested in derivatives.
  • Changes in interest rates & inflation risk: Investments in bonds/money market securities are affected by interest rates and inflation trends which may negatively affect the value of the strategy.
  • Credit risk: The issuer of a security held by the strategy may not pay income or repay capital to the strategy when due.
  • CoCos Risk: Contingent Convertible Securities (CoCos) convert from debt to equity when the issuer’s capital drops below a pre-defined level. This may result in the security converting into equities at a discounted share price, the value of the security being written down, temporarily or permanently, and/or coupon payments ceasing or being deferred.
  • Counterparty risk: The insolvency of any institutions providing services such as custody of assets or acting as a counterparty to derivatives or other contractual arrangements, may expose the strategy to financial loss.