Newton Higher Income

Charity_Dalek

Cautious_Investor wrote: »

We all know that equity markets, to some degree, are correlated.

The Cautious Investor

Could you explain what you mean by correlated?

LongTermLurker

Charity_Dalek wrote: »

Could you explain what you mean by correlated?

http://www.h-l.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/n/newton-higher-income-income/fund-analysis

Newton Higher Income invests in oil companies and tobacco companies, each of which will operate in emerging markets - the oil companies will have explorations going on abroad and the baccy companies will target sales in the same places. The more money made in Emerging Markets, the more customers there are for baccy and the natural resources profits go to the UK-listed oil companies.

Royal Dutch Shell is a major global oil and natural gas exploration, production and marketing company. In addition, it is a producer of chemical products. The Group has operating companies in more than 90 countries worldwide.

(re BAT) The group’s core activity is the production, marketing and sale of cigarettes and other tobacco products. ...Key market places include Australia, New Zealand, China, South Africa, Russia, Argentina, Japan, The Middle and Far East, India, Pakistan, Bangladesh, Nigeria, Malaysia, Vietnam, Turkey and many parts of Continental Europe.

Imperial Tobacco Group PLC is the world's fourth largest international tobacco company. It is the second largest UK-based tobacco company by global sales. ... The company has 56 manufacturing sites and around 38,000 employees. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

HSBC and even Tesco have EM tentacles

(Tesco) The company is now expanding its convenience stores overseas into areas such as Taiwan, Malaysia, Poland, the US and Ireland.