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Julian Gibbs

Because it has spent little money on advertising, Rathbone is not well known among most IFAs but, in fact, it is one of the best-performing fund management groups. Its star fund manager, Carl Stick, runs three funds rated five-star by Micropal and has just taken over another five-star fund from departing fund manager Patrick Evershed.

Incidentally, over the past year, Stick&#39s income fund outperformed Evershed&#39s special situations fund. While I have a high regard for Evershed, I believe that Stick may perform as well as him, so my advice to unitholders in the special situations fund is that they should remain with it for the time being.

I think it is generous of Rathbone, however, to negotiate with the Inland Revenue so that unitholders who wish to follow Evershed to New Star may do so without any adverse tax consequences.

Rathbone has just launched an ethical bond fund which is being seeded by its private investor clients. It will be one of a very few low-risk ethically screened bond funds in the market.

Altogether, Rathbone manages over £200m of ethical investment money. Its track record is outstanding. The lead fund manager is Luke Hickmore, who has worked with Rathbone&#39s ethical team for eight years and is the economic strategist for the team. He is backed by Julian Chillingworth, the deputy chief investment officer at Rathbone.

It is an ideal low-risk fund for elderly investors who want an above-average income, irrespective of whether or not they are particularly concerned about ethical investment.

All Rathbone&#39s unit trusts are top-quartile performers over five years. I do not know of any other investment house which can boast such an excellent record.

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