Retail investors are now able to access the UK income fund seeded by Majedie Asset Management at the end of 2011.
The Majedie UK Income fund is managed by Chris Reid, who also runs the boutique’s UK Focus and Tortoise funds, and targets an “attractive” yield while outperforming the FTSE All-Share index over the long term.
Seeded on 19 December 2011, the fund has outperformed its benchmark since inception, returning 19.9 per cent against the FTSE All-Share’s 15.3 per cent.
Reid says: “The UK Income Fund is fundamentally a stock picking fund.
“The process is simple – we are looking for cheap companies that are changing for the better and will deliver appropriate levels of income while this change takes place.”
The Majedie UK Income fund carries an annual management charge of 0.75 per cent.
AWD Chase De Vere head of communications Patrick Connolly says: “It is a fund that is highly regarded in the industry and held by a number of institutional investors.
“It is not a fund we have previously had on our radar but our research team will be looking at it closely.”