Fund Objective

The Multi-Manager UK Equity Income Fund is designed to provide investors with broad exposure to the UK equity market with a focus on income generation. The Fund aims to add value above the total return of the FTSE All Share index through active stock selection. The Fund will be in the IMA UK Equity Income Universe.

View on Past Performance

The FTSE All-Share Index fell 1.5% in GBP terms during the second quarter as gains in April gave way to sharp declines in June driven by deteriorating economic data, falling consumer confidence and negative newsflow from the financial sector.Despite interest rate cuts in the UK and US and injections of liquidity into the market, banks' ability to raise capital remained at the forefront of investor concerns.Weak economic data put further pressure on the Bank of England, which must weigh up an increase in interest rates to stem inflation against the effects of the higher borrowing costs on an already vulnerable economy.

Fund Details