Despite its launch being labelled a challenge to the UK Equity Income sector when HL Select UK Income Shares came to market on 2 March, the £205m fund has significantly underperformed in its first year.
Managed by Steve Clayton, the fund has lost 7.2% since launch versus the average return of 2.4% in the IA UK Equity Income sector. Hargreaves challenges IA All Companies sector with 'low-cost' fund...
Proceeds being returned to investors
Uncertainty set to remain
A look at the companies disrupting sectors
Perhaps surprisingly, Europe was the second best-performing regional stockmarket in the world in the first half of 2019.