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UK Equity Income Bulletin

James Lowen and Clive Beagles provide their usual monthly Fund update. 

  • James Lowen
  • Clive Beagles
02 Jun 2019
View PDF   Download PDF  
View PDF   Download PDF  
  • The main driver of the Fund’s relative underperformance was the continued strength in ‘growth’ / defensive stocks at the expense of ‘value’ names.
  • Owing to the Fund’s process and our ‘value’ instincts as fund managers, the portfolio is heavily and increasingly skewed to the ‘value’ side of the market.
  • The vast majority of the Fund therefore remains very cheap, in our opinion, and this value trajectory and continuing Fund dividend growth should underpin good relative performance over time. 
     

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