The latest FE Invest Approved list rebalance has seen the removal of 12 funds, including Majedie UK Income and Liontrust UK Smaller Companies, while a number of more defensive vehicles were added.
The £941m Majedie UK Income fund, managed by Chris Reid, saw its performance suffer last year following the Brexit vote. Over the year to 9 March the vehicle has returned 12%, underperforming the UK...
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