View more on these topics

Rathbone tops fund charts

The Rathbone Income fund has topped the charts for the most consistent UK equity income fund, according to IFA Principal Investment&#39s annual “white list” of top-performing income funds.

Principal&#39s 27th equity income study reveals the Rathbone fund, managed by Carl Stick, topped the “white list” of the 12 most consistent funds producing a net income over the five years to June 30 of £21.50, based on a £100 investment. This fund has been in the top spot since July 2002.

In second place was the Friends Provident stewardship income fund, with a £20.40 return, followed by the Liontrust first income fund at £20.20.

The Lincoln income fund trails the pack as worst performer at the bottom of the black list, producing a net income of £11.90 on a £100 investment.

The funds are ranked on a quantitative system based on the fund&#39s performance in generating net income, total return and volatility over the last five years.

Principal says that as much as £2bn worth of savings are still in the 12 black-list funds, which it says have consistently failed to deliver value to investors and are an “embarrassment to the household names that manage them”.

Head of managed funds Charles Brand says: “We think this survey is an invaluable tool for selecting the best and most consistent fund in the equity income sector and it shines quite a sharp light on those funds that are consistently poor performers.”


Product matters

Future Mortgages has gone through enormous change in the last few months. I suspect its new range is an important part of the renaissance, which has seen revamps from top management right through to distribution strategy. Almost all its management and sales teams are new.The lender has shifted its focus to the packaging market. It […]

C&G announces rate changes

Cheltenham & Gloucester has announced its is re-pricing its fixed and capped-rate mortgages, replacing its existing range which were last altered on July 14.Borrowers can now fix their rates between 4.49 per cent and 5.29 per cent on each of C&G&#39s two, three, five and seven-year offers. Its capped-rate loan now sits at 4.89 per […]

A bolt from the blue sky

How appropriate for the FSA to be indulging in blue-sky thinking in the middle of a heatwave.It is thinking of adjusting how advisers are categorised perhaps based on the time of life of their clients or perhaps by speciality.The sighs of exasperation from those IFAs still in the country are almost audible.In this issue, a […]

Taxing matters

Financial Secretary to the Treasury Ruth Kelly is the keynote speaker at Taxbriefs&#39 October conference on Tax, Savings & Pensions – the next round of reforms.Being held on October 16 at Stationers&#39 Hall, London, the one-day event has been organised in conjunction with the Inland Revenue, with the objective of examining the latest policy proposals […]

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm