The fund, which is managed by CIO Julian Chillingworth, is currently a top performer in the UK all-companies sector, producing top-quartile returns over one and three years, acc- ording to the IMA.
The change would put Rathbones with three funds in the sector, with Chillingworth’s fund alongside Carl Stick’s income fund and Hugh Yarrow’s high-income fund.
Rathbones head of marketing David Holloway says: “The fund has a concentrated stock list and produces a great yield and we feel it would make a great addition to the sector. At this stage, we are just talking about it while we wait for the dust to settle on the IMA yield calculations for the sector.”
Meanwhile, Holloway says Rathbones has also discussed building on its expertise in the income arena, with potential launches of European and glo- bal products.
He says: “We have discussed it and it does make sense with the likes of Hugh already running part of his fund outside the UK. The problem that we face is that markets are not exactly in the best condition at the moment so we may wait.”