Ardevora UK Income AUM declines after 'disappointing' Q3 performance
Fund value plunges 94% over three years
William Pattisson and Jeremy Lang of Ardevora
The Ardevora UK Income fund has seen its assets under management plummet over the past three years, falling from £234m at the end of October 2016 to £14.4m as of 27 November 2019 – a 93.9% decline, according to FE Fundinfo.
While assets had remained relatively stable since the start of 2018, when they sat at £70.4m, between 6 September and 27 November this year they fell 54.6%. Over three months the fund is bottom quartile,...
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