Despite its launch being labelled a challenge to the UK Equity Income sector when HL Select UK Income Shares came to market on 2 March, the £205m fund has significantly underperformed in its first year.
Managed by Steve Clayton, the fund has lost 7.2% since launch versus the average return of 2.4% in the IA UK Equity Income sector. The poor performance was largely driven by the fund's investment in...
'Gap between value and price as wide as I have ever seen'
Reduced UK outflows
Draws attention of FCA
Subject to shareholder approval
Learnings from Covid-19
Working on portfolio of unquoted healthcare investments
Managed by Benchmark Capital CIO Alex Funk
‘If you do not wish to offer protection advice, refer it’
‘Not just a sponsor’