UK Equity Income remains solid performer

Neptune's Robin Geffen believes consistency of performance and decent yields are absolutely vital to stand out among the sector's many star managers

UK Equity Income funds have consistently been among the top sellers in recent years and the top performers have generated strong returns. Morningstar figures show that over three years to 8 October, the average fund in the peer group has returned 53.65% bid to bid, with an 8% average over the last year. The IMA sets these funds a target of achieving a yield equivalent to 110% of that on the FTSE All-Share index. Neptune Robin Geffen, manager of the £422m Neptune Income fund, said it is important to balance up the yields however good the performance, and looks for stocks with a growing ...