NU to move Dan Roberts fund into Equity Income sector

Norwich Union is preparing to move its UK Income Opportunities fund into the IMA's UK Equity Income ...

Norwich Union is preparing to move its UK Income Opportunities fund into the IMA's UK Equity Income sector. Morley's Dan Roberts took over the fund from Ian Lancaster at the end of 2007 and has made several changes to the remit, bringing it into line with the income sector requirements. The £32m fund was in the Unclassified sector under Lancaster, as its small-cap bias prevented it from hitting the necessary yield target. It began life as Elite MoneyGuru, an incarnation of Lancaster's MBA dissertation. Roberts overhauled an investment process he described as "flawed" at the time of ...