ABN Amro fund given AAA-rating first time

The ABN Amro Equity Income Fund, managed by George Luckcraft, has been awarded AAA status by S&P in its review of the UK Equity Income sector, despite being rated for the first time. Luckcraft achieved his performance by adopting a barbell approach of balancing income and growth stocks within his portfolio. The fund produced a total net return of 54.8% in the 12 months to 1 October compared to 19.1% from the Credit Suisse Monthly Income Fund which was the next nearest fund in the S&P UK equity income sector. His strategy of selecting long term growth stocks, which are relatively insensiti...