Slater: Dividend stalwarts held my fund back in Q4

Slater Investment's Mark Slater says poor results from 'dividend stalwarts' damaged the performance of his Slater Income fund in the fourth quarter.

Slater, who is chief investment officer and fund manager at the firm, said the fund suffered a hit from its holding in insurer RSA. RSA's shares lost ground during the fourth quarter of 2013 over continuing concerns over the extent of losses due to both extreme weather conditions and its Irish motors business. Slater (pictured) said: "There were more losers than winners in the dividend stalwarts sectors for us. NewRiver Retail contributed 0.45% to the portfolio but there were only 0.25% contributions from AstraZeneca and L&G, and small contributions from Shell and Vodafone. There was ...