The M&G Charifund was the most consistent player in the UK Equity Income sector for the 12 months to...
The M&G Charifund was the most consistent player in the UK Equity Income sector for the 12 months to 30 May.
The fund not only recorded seven discrete months of positive gains, against the sector average of six, but also posted the third-highest relative return over the period. Income earned over the period amounted to £52.44, beating the sector average of £46.69.
The fund's largest discrete monthly gain, at 7.38%, was below the sector average of 7.94% and well short of the 13.33% recorded by Maldon General.
However, Maldon was unable to sustain this outperformance, recording six months of negative returns over the period and posting total returns of -17.24%.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected