Schroders calls for Equity Income sector overhaul as flagship fund removed

clock

Schroders has called on the Investment Association to rethink its approach to UK Equity Income funds as Nick Kirrage and Kevin Murphy's Income fund is removed from the sector.

The £1.6bn fund, a top quartile UK Equity Income performer over three years, has been moved into the UK All Companies sector this week after failing to meet IA yield requirements. It joins a growing list of funds to have suffered a similar fate in recent years. Schroders' managing director of UK intermediary, Robin Stoakley, said: "We are disappointed with the Investment Association's decision to remove the Schroder Income fund from the IA UK Equity Income sector. "We believe that the methodology used by the IA to calculate the yield requirement is outdated and that end consumers a...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Link Group now expects headline dividend growth of 2.4% to £96.3bn in 2022.
UK

UK dividends jump to £37bn in Q2 as the pound stumbles

Second-largest payout on record

clock 26 July 2022 • 2 min read
Chris Brightman is the CIO and CEO of Research Affiliates

Research Affiliates: Real interest rates will remain higher even after inflation is tamed

Tougher conditions for capital markets

clock 22 July 2022 • 4 min read
The survey found that UK equities remain the most popular asset class

Fund investor sentiment falls to record low

Lower than Q3 2020

Elliot Gulliver-Needham
clock 20 July 2022 • 1 min read
Trustpilot