the peer group has tended to avoid the worst excesses of the growth bubble but some have been caught out by the recent split cap debacle
Funds in the UK Equity Income sector have proven more robust in preserving capital than their UK All Companies counterparts after avoiding much of the de-rating of growth. Although all 84 funds in the income sector with one-year track records posted negative growth over the 12 months to the end of August, over three years performance is more divergent. While the difference in three- year performance between the top and bottom funds in the sector is in excess of 115%, this is largely down to a number of funds investing for income in the now failed split cap investment trust sector. Ma...
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