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UK Equity Income Bulletin

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

  • James Lowen
  • Clive Beagles
30 Jun 2019
View PDF   Download PDF  
View PDF   Download PDF  
  • Once again, the main driver of the Fund’s relative underperformance was the continued strength in growth/momentum stocks at the expense of value names. 
  • The performance differential between these two types of stocks is currently more extreme than it was at the height of the TMT bubble.
  • We will continue to focus upon valuation rather than momentum, an approach that has served us well over the last two decades.
     

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