BWD fund falls behind

Colin Mortin's income fund loses out due to its high exposure to large caps. BWD Rensburg's UK equity income unit trust is underperforming over three months on the back of underexposure to small and mid caps. The fund is run as a blue chip UK equity income fund and has missed much of the outperformance of small and mid caps in the past few months. The BWD UK Equity Income trust has some 80% in the FTSE 100, 14% in mid cap stocks, 4% in small caps and 2% in fixed interest. The fund, which has an frA rating, is ranked 58 out of 88 funds in the UK Equity Income sector over the three months t...