The top-performing UK Equity Income fund over the 12 months to the end of April was also the most co...
The top-performing UK Equity Income fund over the 12 months to the end of April was also the most consistent in delivering positive returns, with only four negative months over the period.
The Credit Suisse Extra Income Retail fund, managed by Leigh Harrison, returned -11.02% bid to bid over the period, ahead of a sector average of -21.68%.
In contrast the next best performer, Friends Provident Stewardship Income, experienced seven months of negative returns over the period, while returning -11.49%. However, the Friends Provident fund was better able to limit the size of its monthly falls, recording its largest monthly decline of 6.55%, compared to Credit Suisse's largest fall of 9.94%. Its largest monthly gain was also smaller, at 2.39%, against 4.32% from the Credit Suisse fund.
The largest monthly gain in the sector was recorded by Maldon General, which posted a one-month return of 13.33%, more than double the sector average of 4.9%. It was not enough, however, to prevent the fund from declining by 16.71% over 12 months.
Irish border, resignations, market volatility and more
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Fidelity International multi-asset CIO James Bateman talks to Julian Marr about recent market volatility, portfolio positioning and his thoughts on the coming year
Follows Phil Young
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