Income counts for Royal London

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Since launch in April 1999, the Royal London Income Trust's performance has meant it is ranked sixth out of a 51-fund peer group for the period

The Royal London Income Trust is perhaps not the first name that catches the eye when selecting a corporate bond fund but its performance merits closer scrutiny. The £106m portfolio, which has recently passed its fifth anniversary, is the sixth best performer over that time period, its returns outstripping many more celebrated names in the sector. Launched in April 1999 at the height of the technology boom, the fund has largely remained unfashionable throughout its lifespan, despite delivering a 28.9% return, bid-to-bid net income reinvested, over the five years to 14 June 2004, according...