Moore has been with Newton since 2008 and was only promoted to lead manager of the European Higher Income Fund in June 2011, taking over from Shant who remained as an alternate manager.
He had been alternate manager himself since 2009.
Shant is investment leader of Newton’s European equities department and already manages the Newton Continental European strategy for both institutional and retail clients.
He has been with Newton since 2002, following stints at both Credit Suisse Asset Management and Royal Insurance Management. Shant is also co-chair of the firm’s equity strategy group.
In a letter sent to clients Newton said Tom Beevers, lead manager on the firm’s Pan European strategy, would be alternate manager on the European Higher Income Fund. He is also alternate manager on Shant’s Continental European Strategy.
Shant said: "With a wide range of world class companies offering higher dividend yields than they pay on their own corporate bonds and higher than the yields available on their governments’ bonds, European equities are a compelling income opportunity.
"Newton is renowned for its innovative thematic approach to income-investing and we believe the Newton European Higher Income is well positioned."
The latest factsheet for the Newton European Higher Income Fund shows the fund is in the fourth quartile over all time periods, both cumulative and annualised.
In the five years to 29 February it made losses of 7.93% and over one year it is down 11.77%.
