Press Release: EV risk rates BNY Investments' multi-asset funds to support advisers’ investment suitability risk assessments

Financial services technology provider EV has risk rated 12 of BNY Investments’ multi-asset funds managed by Newton Investment Management [Limited], including the BNY Mellon Future Legacy range of risk-targeted sustainable multi-asset funds that aim to help clients achieve their long-term investment goals. EV’s growth ratings, which are calculated using its proprietary stochastic asset model, help advisers more easily determine the best portfolio to match their client’s agreed level of risk and investment objectives.

EV’s ratings for accumulation measure expected risk based on the fund’s projected
outcomes. To do this, EV uses its asset model to generate 1,000 potential economic
scenarios over five specific terms, ranging from five to 25 years. This approach
accommodates the relative risk of different asset classes changing over time. EV then maps the funds to its three standard risk benchmarks, 1-5, 1-7 and 1-10 across the five terms, to provide a scale of risk with the lowest risk equivalent to 100% cash and the highest equivalent to 100% blended global equity.

Based on the 1-7 rating scale over a ten-year term, EV has rated the BNY Investment funds
as follows:

Gary Wheeler, Chief Commercial Officer at EV, comments:

“We are pleased to be working with BNY Investments to add these multi-asset funds to our range of over 700 risk rated funds for growth. EV’s unique forward-looking, term-based risk ratings help fund managers position their funds appropriately, making it easier for advisers to properly assess the risk of different investments and select the most suitable strategy for their clients.”

Michael Beveridge, Head of UK Intermediary Distribution at BNY Investments, added:

“We are delighted to have our multi-asset funds, actively managed by Newton’s Investment Management’s award winning Mixed-Assets team, risk rated by EV. These ratings provide further support to advisers seeking to use dynamic funds to deliver attractive outcomes for their clients across a range of different risk profiles.”

See EV’s online Fund Finder for full details of BNY Investments' risk ratings: https://portal.ev.uk/home

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NOTES FOR EDITORS

Press contacts

Jenette Greenwood, PR Director, the lang cat
07710 392303 / jenette@langcatfinancial.com  

Jenny Burt, Director of Marketing, EV
07557 681 080 / jennifer.burt@ev.uk  

About EV

EV is one of the UK’s market-leading digital financial planning solutions providers. We have operated as an independent organisation for over a decade, backed by a further 18 years of financial services consultative experience. We connect and empower our intermediary financial partners with intuitive, customer-centric advice, guidance software, and investment solutions.

We have a history of developing engaging tools that help financial advisers and their clients navigate the complexities of financial markets, ultimately delivering simplified financial planning and enabling clarity over investment options, cash flow forecasting and aligned client risk profiles.

Powered by our proprietary market-leading stochastic asset model, our powerful calculations and strategic multi-asset allocations are used globally across the financial ecosystem by financial advisers, pension and platform providers, asset managers, banks, and building societies, to name but a few.

About Newton Investment Management Group

Newton Investment Management Group is a corporate brand which refers to the following group of affiliated companies: Newton Investment Management Limited (NIM), Newton Investment Management North America LLC (NIMNA) and Newton Investment Management Japan Limited (NIMJ). NIMNA was established in 2021 and is comprised of the equity and multi-asset teams from an affiliate, Mellon Investments Corporation. NIMJ was established in March 2023 and is comprised of the Japanese equity management division of an affiliate, BNY Mellon Investment Management Japan Limited. In the United Kingdom, NIM is authorised and regulated by the Financial Conduct Authority (‘FCA’), 12 Endeavour Square, London, E20 1JN, in the conduct of investment business. Registered in England no. 01371973. NIM and NIMNA are both registered as investment advisors with the Securities & Exchange Commission (‘SEC’) to offer investment advisory services in the United States. NIM investment business in the United States is described in Form ADV, Part 1 and 2, which can be obtained from the SEC.gov website or obtained upon request. NIMJ is authorised and regulated by the Japan Financial Services Agency (JFSA). All firms are indirect subsidiaries of The Bank of New York Mellon Corporation (‘BNY’).

Newton Investment Management Group provides discretionary and non-discretionary investment advice to institutional clients, including US and global pension funds, sovereign wealth funds, central banks, endowments, foundations, insurance companies, registered mutual funds, other pooled investment vehicles and other institutions. Its current office locations include London, Boston, New York San Francisco and Tokyo.

Assets under management are £85.3 billion as of 30 June 2024 including combined assets managed by Newton Investment Management Group. In addition, AUM for Newton Investment Management Group includes assets of bank-maintained collective investment funds for which NIM or NIMNA has been appointed sub-advisor, where Newton Investment Management Group personnel act as dual officers of affiliated companies and assets of wrap fee account(s) for which Newton Investment Management Group provides sub-advisory services to the primary manager of the wrap program. Newton global assets under management (AUM) is the combined total assets under management of Newton Investment Management Limited (‘NIM’), Newton Investment Management North America
LLC (‘NIMNA’) and Newton Investment Management Japan Limited (‘NIMJ’) as calculated as at 30 June, 2024. News and other information about Newton is available at www.newtonim.com and via Twitter: @NewtonIM.