Research into fund perfor- mance shows that Hender-son’s UK equity income fund is the most consistent performer in both rising and falling markets.The 291m fund, which is run by James Henderson, is up by 42 per cent over three years to July compared with a sector average of 40 per cent and is ranked 23rd of 70 funds in the sector, according to the search which was carried out by Bates. The fund outperformed the FTSE All Share index 70 per cent of the time. In a rising stockmarket, Standard Life’s UK equity high-income fund is the most consistent, outperforming the index 67 per cent of the time and is ranked fifth in the sector, with an increase of 57 per cent over three years. F&C’s UK equity income fund is the most consistent underperformer in a bull market, underperforming 73 per cent of the time. It is up by 30 per cent over three years. The top-ranking fund in the sector, George Luckraft’s Framlington equity income, is only the fourth most consistent in terms of beating the index in a rising stockmarket. In a falling stockmarket, the Rensburg UK equity income fund outperformed the index 88 per cent of the time and has risen by 43 per cent over three years. New Star’s UK strategic income fund underperformed 59 per cent of the time and is the most consistent under-performer. It is up by 33 per cent over three years and ranked 57th in the sector. Bates senior investment adviser Paul Ilott says: “Consistency is certainly a very important factor when considering a fund but it is not the most over-riding factor. Even though Henderson is the most consistent performing equity income fund there are a range of other factors to consider before buy- ing such a fund and Henderson, despite its consistency, is not on our buy list.”
TV quiz show host Nick Han- cock is joining Earth Mort- gages as sales and market- ing director. Hancock, long-time host of sporting quiz show They Think It’s All Over, has joined the mortgage intermediary firm after meeting its directors earlier this year through a mutual friend. Earth chief executive and managing director Mike Worthington […]
The DWP has published three independent studies into hybrid, or risk sharing, pension scheme designs to increase knowledge of these plans and promote discussion and better understanding of them within Government and the pensions industry.
The row between Prime Min- ister Tony Blair and the FSA shows that the Government is in disarray over the function of the regulator, say Tory and LibDem front-benchers. Conservative Shadow Fin- ancial Secretary Mark Field claims that the contrast between Tony Blair’s “calcu- lated” attack on the regulator in May and the Treasury’s sta- […]
Standard Life is to target IFAs with an online banner campaign encouraging them to use online aggregation services that can collate valuations on clients complete portfolios instantly.
There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]
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