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RWC Enhanced Income

Ranked 72 out of 105 in - UK Equity Income over 12 months
All calculations are in GBP

Managed by

Ian Lance

Ian Lance was born in Croydon, London in 1966. He attended Loughborough University where he gained a degree in economics with economic and social history. Ian started his career in 1989 with Sun Alliance before joining Legal and General in 1990. He moved to Gartmore in 1995 and after five years he joined Citigroup. Ian joined New Star in 2005, and two years later moved to Schroders. He currently works at RWC having joined in September 2010. Ian has been managing funds for well over 20 years. Outside of fund management he enjoys rugby and walking.

Nicholas Purves

Nicholas Purves describes his value-based investment style as ‘fundamentalist’. Appropriately for a geology graduate from Bristol University, Purves says he adopts a ‘bottom-up’ strategy on his funds, searching for investment opportunities wherever they occur. This contrasts with other managers who employ the ‘top-down’ technique of identifying attractive business sectors before selecting the best stocks in those areas. Purves started out at Schroders as an analyst before moving over to the fund management team. He currently works at RWC basing his investments on a strategy that seeks companies that are undervalued by the market despite having a strong franchise and a healthy balance sheet. Born in Cambridge in 1967, Purves is also a qualified chartered accountant.

John Teahan

Objective

To provide superior long term capital growth by investing primarily in a portfolio of UK companies. At least 67% of the Sub-Fund’s total assets (excluding cash and cash equivalents) will be invested in equity and equity linked securities of UK companies that are listed on a global stock market. Equity exposure may be achieved through investment in shares, depository receipts, warrants and other participation rights and through investment in convertible securities, index and participation notes and equity linked notes.

Performance

UK Equity Income over : 31/10/2013 - 31/10/2014
  • Rank 72/105 Total Return
  • Rank 2/105 Standard Deviation
  • Rank 5/105 Max Drawdown

Total Return

Quarterly Performance

to 31/10/2014 Annual Q1 Q2 Q3 Q4
2014 2.2% 1.7% 0.9% -0.3% -0.2%
2013 12.6% 7.6% 0.7% 0.9% 3.1%
2012 11.1% 5.6% 0.9% 2.7% 1.6%
2011 -4.4% 0.7% 2.8% -12.0% 5.0%
2010 -1.4% -1.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2014

Top 10 Holdings

Stock Size
United Kingdom 5.000% 07-Sep-2014 16.49
AstraZeneca PLC ORD 5.66
GlaxoSmithKline PLC ORD 5.48
Next PLC ORD 5.22
Royal Dutch Shell Plc B ORD 4.88
GBP Cash 4.44
BP PLC ORD 4.31
British Sky Broadcasting Group PLC ORD 4.23
Unilever PLC ORD 3.69
Merck & Co Inc ORD 3.54
31/08/2014

Registered For Sale In

  1. Luxembourg
  2. Sweden
  3. United Kingdom

Fund Info

  • Launch date13/10/2010
  • Share Class size14Mn
  • Base currencyGBP
  • ISIN LU0542757652
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment10Mn
  • Min. additional investment0

Charges

  • Annual management0.8%

Related News

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John Teahan, co-manager of the RWC Enhanced Income fund, is turning to the pharmaceuticals sector for stocks that could help his strategy deliver 7% yield for investors.

Lance and Purves: Don't just assume bonds are less risky than equities

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).