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Rathbone Income tops ‘white list’

Carl Stick’s Rathbone income fund has topped Principal Investment Management’s ‘white list’ of income funds.

The list rates income funds based on performance, volatility, and income distributed, and says Stick’s fund could have struggled last year because his favourite stocks looked to be flagging, but that he was vindicated by the year end.

Stick says: “We don’t invest on short-term fads and we are not momentum players. We invest in long-term ideas and that means, at times, being contrarian.”

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