SLI launches US equity income fund

Adds to US equity range

Standard Life Investments has launched an American Equity Income fund to the UK market run by Boston-based Scott Eun, who runs a similar product for US investors.

The fund will be managed with a total return approach and invest in around 60 companies, both defensives and cyclicals, with an overall dividend yield higher than the S&P 500.  US talking points in nine charts SLI already runs an American Equity Unconstrained fund which is managed by Jeff Morris (pictured) and is £141m in size. This has returned 10% over one year to 15 June, according to FE, compared to average returns of 7% for the IA North America sector. On the new fund, Eun will be supported by Warren Gibbon and the wider team who are all based in Boston. Eun joined SLI in 2...