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...
Four potential outcomes
Industry members abseil down Broadgate Tower
Hired as portfolio manager in global equity income team
'Three cycles are colliding'
Partner Insight: Alex Wright explains how he has honed his value contrarian approach to investing in the Fidelity Special Situations Fund and why the potential to lose money is often lower than in traditional funds