How Majedie's Reid topped the UK equity income rankings

Holding on to ‘turbulent’ financials has paid off

Majedie UK Income fund manager Chris Reid tells Anna Fedorova about the investment calls that helped him maintain strong performance in 2014, and why he sees value this year in unloved stocks like Sainsbury's.

Majedie's UK Income fund has raced to the top of the Investment Association's UK Equity Income sector since launch, as lead manager Chris Reid's stock selection has paid off over the past three years. The fund has now built up a three-year track record, and is the top performer in the UK Equity Income sector over this period. To 30 January 2015, the fund has returned 89% versus a 49% sector average. It was also the top-performing fund in the sector last year. Reid's investment approach sees him investing in cheap stocks that are undergoing a transformation, and generating income along...