LeggMason Investors has launched a packaged Isa, bundling together two of its A-rated UK funds, mana...
LeggMason Investors has launched a packaged Isa, bundling together two of its A-rated UK funds, managed by Chris White.
The LeggMason Monthly Income fund has posted growth of 20.5% over the three years to 4 January on a bid to bid basis, compared to a UK other bond sector average of 10.35%. The fund aims to produce an attractive monthly yield and ensure capital preservation.
UK Income has outperformed the FTSE All-Share for five consecutive years, according to Lipper. Over three years to 4 January, the fund has attained growth of 9.68% bid to bid, compared to a UK equity income sector average of 11.68%, equating to second quartile performance. Over five years, the fund is up 70.76% versus a sector average of 51.94% and is sitting in the top quartile.
Paul Boughton, managing director of mutual funds at the group, said: 'The global equity outlook is still uncertain but the fundamentals of the UK market are reasonably strong so it makes sense for us to combine two of our best-performing funds within the UK Active Income Isa.'
For further details, contact client services on 020 7070 7400.
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