Liontrust First Income and BWD UK Equity Income have been highlighted as top performers in Prin...
Liontrust First Income and BWD UK Equity Income have been highlighted as top performers in Principal Premier's latest study of income funds. The funds are the only two in the sector that have been included in Principal Premier's elite tier of funds, known as the white list, since 1997.
Principal stressed the UK Equity Income sector boomed in the 12 months to July 2001. It explained the average UK Equity Income fund was up 3.7% over the past year against a fall in the FTSE All Share of 7.8%. Furthermore, it suggested UK Equity Income funds look set to continue to provide a safe haven in the current uncertain economic environment due to visibility in underlying earnings.
The study also drew attention to the inclusion of INVESCO Perpetual's Income and High Income funds into the white list. Principal said INVESCO's overt value approach to the management of the funds has delivered a dramatic turnaround in performance over the past twelve months.
Principal urged for caution on the Newton Higher Income and Royal Bank of Scotland Income despite their presence in the white list. Manager Toby Thomson's defection to New Star justifies concern said the unit trust portfolio specialist.
Principal Premier groups funds into three categories, white grey and black, depending on performance. Groups featured in the black list include Baillie Gifford, Martin Curie, Framlington, Henderson and Aberdeen as well as insurance groups Abbey, Lincoln and Pearl.
IFAs can peruse the latest unit trust performance study by logging onto www.whitelist.co.uk or calling 01225 48066.
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