Fund of the week: Following Buffett and finding income

Investors looking for income should consider this four-star offering that's regularly tipped as one of the best for income investors.

Investors looking for income should consider the Newton Global Higher Income fund. Managed by James Harries since 2005, the fund is regularly tipped as one of the best for income investors. Right now it yields 4.6%. The fund has a good track record, earning it a four-star rating from fund research group Morningstar. It has beaten its sector over the last four years, and returned 37.8% last year.

Harries invests in large, reliable companies around the globe. "We invest like Warren Buffett. We look for stocks generating large amounts of cash but which are trading on low valuations. We try to avoid being distracted by day-to-day events and focus on what's going to happen six months ahead," he tells The Times.

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