UK Equity Income Bulletin

Outperformance in November was driven by positive developments among several of our small caps. James and Clive provide an update.

  • James Lowen
  • Clive Beagles
02 Dec 2019
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View PDF   Download PDF  
  • November was mixed in terms of market leadership, caused by a wait-and-see attitude on the election and little progress in the US-China trade dispute.
  • The main drivers of the Fund’s outperformance were positive developments among several of our small caps.
  • We made a number of changes to the Fund during the month - adding SSE and selling National Express, Halfords and McKay Securities.


Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

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