View the article online at http://citywire.co.uk/wealth-manager/article/a745486
JOHCM's Beagles and Lowen: UK political risk is growing
by Chris Sloley on Apr 09, 2014 at 10:02
‘However, the significant and continued underperformance of certain parts of the company’s fund range means we are likely to see accelerating and persistent fund outflows that will make a near-term re-rating based on the positives we have identified harder to crystallise.’
Still in the asset management space, the pair added Old Mutual to the fund and opened a position in Brit Insurance via its IPO in March.
The JOCHM UK Equity Income fund has returned 200.6% over the five years to the end of February 2014. Its benchmark, the FTSE 350 Higher Yield, has risen 112.23% over the same period.
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