Long-term value strategies top UK equities

The dominating factor for UK equity fund managers over the past few years has naturally been the bear market, which devastated the returns of all but the most defensive of portfolios. Having experienced something of a recovery, the funds that now are hitting the top of the five-year performance tables are those with long-term value strategies and those that have focused on companies with high dividend yields. The Phoenix UK fund, managed by Gary Channon, is an instance in point. It has been the number one performing fund throughout the past five years in the sector. Boring can be best ...