Rathbone Income and Growth has been renamed Blue Chip Income and Growth and will sit in the soon to be established IMA UK Equity Income and Growth sector.
The firm says the move will better reflect where the Julian Chillingworth managed fund is invested, as it is usually no less than 75% invested in the FTSE 100 index. Set to be formally unveiled shortly, the new IMA UK Equity Income and Growth sector has a yield requirement of between 80% to 110% of the FTSE All-Share index yield. The IMA has said its proposed deadline for details of the new sector composition to be made public is the end of March.
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