Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Lazard rebrands A-rated manager’s UK income fund

Lazard rebrands A-rated manager’s UK income fund

Lazard Asset Management has changed the name of its UK Equity Income fund to the Multi-Cap UK Income fund.

The £100 million fund is managed by Alan Custis and Lloyd Whitworth, both A-rated by Citywire, and + rated Alan Clifford.

Over the past three years it has returned 13.1% compared with 12.1% from its IMA UK Equity Income sector and 9.5% from the FTSE All Share index.

‘We believe that taking a multi-cap approach to income investing in the UK market can help to overcome the impact of market concentration as well as accessing dividend growth amongst smaller companies, which should lead to an attractive total return for clients,’ commented Clifford (pictured).

The fund currently has a 62% allocation to the FTSE 100, below the All Share’s 82% weighting to the large-caps. It has 21% in the FTSE 250, 7% in the FTSE SmallCap index, and 4% in AIM-listed stocks.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter