Nervous international investors flee JOHCM UK Income portfolio

Assets now down to £3.5bn following Brexit concerns

JO Hambro Capital Management's (JOHCM) UK Equity Income fund has seen outflows this year, including the redemption of a £100m mandate, as international investors became jittery over the UK's exit from the European Union.

Manager Clive Beagles, who has run the fund since 2008, said the fund no longer has non-UK holders, as the remaining international investors "became nervous as Brexit negotiations went to the wire", with assets now sitting at £3.5bn, down from around £4bn a year ago. "The fund has seen negative flows this year. It will be interesting to see how it plays out and if international investors are prepared to consider the UK, or if it is still on the naughty step," Beagles said.  Fund flows However, redemptions from the income fund are not a concern for JOHCM at this point; the firm has b...