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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.

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Alan Custis
Alan Custis
101/150 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 39.43%
Alan Clifford
Alan Clifford
100/150 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 39.43%
Lloyd Whitworth
Lloyd Whitworth
102/150 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 39.43%
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