Stick's Income fund stripped from Wealth 150

Hargreaves Lansdown has removed Carl Stick's Rathbone Income fund from its Wealth 150 list, citing d...

Hargreaves Lansdown has removed Carl Stick's Rathbone Income fund from its Wealth 150 list, citing disappointing recent performance, relative to his peers. Head of research Mark Dampier says over and above difficult trading conditions, Stick has also failed to add value through stock selection, saying high exposure to smaller companies has hindered recent performance. Hargreaves admits Stick still has an enviable long-term record, so is not advising investors to sell out, adding it will continue to monitor the fund's performance. Meanwhile, M&G Strategic Corporate Bond fund, managed ...