UK Equity Income Bulletin

A portfolio update in what was a difficult and disappointing month for the Fund. 

  • James Lowen
  • Clive Beagles
02 Aug 2020
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View PDF   Download PDF  
  • After a bit more balance in terms of style leadership in June, July saw markets revert back to their previous trends with value again underperforming markedly.
  • This has been the main driver of the Fund's poor relative performance this year.
  • Nevertheless, we are confident that this trend will reverse and when it does, the reversal is likely to be swift given the crowded positioning on the ‘growth’ side of the divide.


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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