The £1.2bn St James’s Place Equity Income trust, managed by RWC’s Nick Purves, has been kicked out of the IMA UK Equity Income sector for failing to meet the minimum yield target.
Investment Week revealed in December the fund was one of several whose yield had fallen below the IMA's minimum yield threshold, putting their place in the sector in jeopardy. Funds must achieve the...
Could spell risks for investors
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Despite underperformance in June
Effective 20 July