Newton shows global appetite for Asian income

The appeal of Asia to yield-starved investors can be seen with London-based Newton Investment Management reporting over $1 billion in inflows into its Asian income fund to date this year. The firm, one of BNY Mellon's 16 boutique asset managers, had £47.5 billion ($75 billion) in assets under management as at June 30 this year. Of this, more than £25 billion is institutional, with the rest from retail, private clients and charities. It manages about £5.4 billion in Asian ex-Japa…