Woodford and Lang dominate sector

The UK Equity Income sector is full of well-known retail names, many of whom have justified their high profiles with portfolio outperformance in the past three years. Managers such as Neil Woodford, Bill Mott and Jeremy Lang are among the peer group, making it one of the most competitive IMA sectors. However, performance and investment style varies immensely among the participants of this sector. Three-year cumulative returns to end of July 2003 vary from -40.55% posted by Exeter Equity Income through to 29.1%, achieved by Rathbone Income. Investment style across the board tends to t...