Newton Higher Income has continued its consistent performance despite the departure of its lead mana...
Newton Higher Income has continued its consistent performance despite the departure of its lead manager Toby Thompson, according to Principal's study of income funds.
Principal believes that this fund will continue to perform well due to a star investment pro- cess rather than a star fund manager.
According the study, Jupiter Income has slipped from its top position in January and Credit Suisse Income has returned to the 'white list' complied by Principal.
Funds on the white list are the highest performers using a combined measurement of asset growth, distributions paid and volatility over a five year period. The group also has a grey and black list. Royal Bank of Scotland Income remains on the white list while St James UK High Income, managed by Neil Woodford makes its debut on the top list.
Another new entry is Friends Provident Stewardship Income, managed by Ted Scott, while the group commended the performance of Carl Stick manager of the Rathbone Income fund.
On the black list, Principal highlights Framlington Extra Income and Abbey Dividend Growth in particular, as well as Scottish Widows Income and Norwich UK Equity Income funds.
At the bottom of the grey list is the M&G Dividend fund and Pearl Equity Income portfolio, which Portfolio rates as sells.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation