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Rathbone could move income and growth fund

Rathbones is looking at mov- ing its £49m income and growth fund into the UK equ- ity income sector.

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.”


Mena streets

Economic news might seem relentlessly negative in the West but many emerging economies are still enjoying strong growth. The Middle East and North Africa are among the fastest-growing areas and have benefited from surging oil prices. Demand for energy is likely to remain high as countries such as China turn themselves into industrial powerhouses, so we expect the resource-rich Mena economies to continue to receive this windfall for many years.

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Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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