Beagles looks forward to new era in 'top heavy' UK equity income sector

Looking forward to a new era in ‘top heavy’ UK income sector

Clive Beagles talks to Julia Rampen about a new era for UK income funds and his plans to boost EM exposure and bump up holdings in the £2.7bn JOHCM UK Equity Income portfolio.

Popularity can be a curse as much as a blessing, as far as JO Hambro Capital Management’s Clive Beagles is concerned. The co-manager, with James Lowen, of the boutique’s soft-closed £2.7bn UK Equity Income fund has spent the last year attempting to dissuade investors from adding more to his fund. He has even publicly welcomed Neil Woodford’s new enterprise, in the hope it will divert inflows from his own fund. But if investors have been flocking to Beagles, it is not surprising – the fund has returned 51% over the three years to 27 June, compared to a sector average of 39%, accordi...