Flemings fund underperforms

Fleming Select UK Income is suffering from short-term underperformance on the back of a slowdown in the oil and gas sector The fund, which is run by Gary West and has also suffered from lack of exposure to smaller companies, is benchmarked against the FTSE 350 High Yield Index restricting Fleming Select UK Income's exposure to only large and mid-cap companies. The FTSE 350 High Yield Index also has overweight positions in the oil and gas sector compared to the FTSE All-Share, a sector which has seen relative underperformance in the short term Fleming Select UK Income, which has an frAA ra...