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.

Underperfoming US equity income fund gets small & mid cap overhaul

Underperfoming US equity income fund gets small & mid cap overhaul

The EDGE Equity Income fund has been renamed and switched its focus to small and mid cap US stocks.

Launched in August 2012 by Principal Global Investors, and managed by its US-based affiliate Edge Asset Management, the fund had originally invested primarily in companies with a market capitalisation above $7 billion (£4.1 billion).

The fund has now been rebranded as the EDGE Small/Mid Cap Equity Income fund, and its investment policy has been amended to clarify that it will henceforth invest ‘primarily in dividend-paying equity securities of small or mid-cap companies’.

Just £3.8 million in size and run by Daniel Coleman and David Simpson, the fund has returned 28.4% since inception compared with 43% from its Russell 1,000 Value benchmark.

Its weighted average dividend yield is 3.2%, compared with 2.1% from the index.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Daniel Coleman
Daniel Coleman
24/26 in Equity - North American Income (Performance over 1 year) Average Total Return: -1.10%
David Simpson
David Simpson
23/26 in Equity - North American Income (Performance over 1 year) Average Total Return: -1.10%
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter