Carl Stick's Rathbone Income fund has topped this year's Principal Investment Management's White Lis...
Carl Stick's Rathbone Income fund has topped this year's Principal Investment Management's White List, while Aegon UK Equity Income is bottom of the Black List.
Charles Brand, head of managed funds at Principal, said Rathbone Income has appeared in its top 12 since January 2000 and has remained there because of Stick's stockpicking skills.
Other funds to feature in the White list include a reappearance of the Schroder Income fund, managed by Humphrey van der Klugt, Anthony Nutt's Jupiter Income trust and Bill Mott's Credit Suisse Income fund.
Colin Morton's BWD UK Equity Income fund also appears in the list, as it has every year since July 1996.
The one notable name missing from this list is Neil Woodford's Invesco Perpetual Income fund, which has slipped into the Grey list.
However, Brand said, Principal believes Woodford's track record places him among a small body of genuinely talented fund managers who are capable of outperforming on a consistent basis. Aegon UK Equity Income featured in the Black list of funds in Principal's 2002 study and in its July 2002 edition.
Another regular has been Sovereign Income, a fund that has appeared in every edition of the Black list since January 2001.
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