Norwich Monthly Income Plus, Mark Gull

After struggling in the wake of heavy preference shareholdings, Mark Gull has produced top-quartile performance in recent times

Mark Gull’s £614m Norwich Monthly Income Plus fund was hit hard by the collapse of split-cap investment trusts earlier this decade, sitting at the bottom of its sector for much of that period. For the five years to 3 October 2005, the fund is ranked 53 of 55 portfolios in the UK Corporate Bond sector, producing a bid to bid return of 25% compared with the peer group average of 33.5%. Despite some advisory groups publicly advising investors to sell out of the fund in 2002, it has since made a good recovery. Gull, who said he was initially unable to dispose of split-cap holdings due to the ...