Premier's multi-cap approach pays dividends

Equity income manager Paul Branigan's multi-cap investment approach yields rapid outperformance to Premier Dividend fund over year to 5 November

The Premier Dividend fund was brought back under Premier's remit from UBS last year following a manager change at Swiss giant. It was handed to equity income manager Paul Branigan in 2006 after he joined from Axa Framlington, where he worked for more than a decade. Already his balanced multi-cap approach has helped the fund outperform, and over the year to 5 November it returned 9.8% bid to bid, ranking it 16th in the UK Equity Income sector, according to Morningstar. How did the fund's asset allocation change after you took over? Two changes were made when the fund was brought in...