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View the article online at http://citywire.co.uk/wealth-manager/article/a730326

Sanlam cuts Barnett & Artemis pair in major income overhaul

by Dylan Lobo on Jan 27, 2014 at 07:51

Meanwhile two of the biggest funds in the sector, Jupiter Income and Newton Higher Income have also been blacklisted, the latter being a new addition to the list. ‘Both [funds] were due a change of manager and in the case of Newton, a significant change in process,’ Surguy said.

‘Whilst we have seen an improvement in performance from Jupiter, Newton has slipped from the Grey to Black List and we reiterate our sell recommendation.

Other additions to the Black List include the St James’s Place UK High Income and Equity Income funds, which are both outsourced to Invesco Perpetual’s Woodford, and the M&G Dividend fund , which Surguy notes had a change of manager last year and it is ‘a little too early to see a pick-up in performance’.

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  • Invesco Perpetual UK Strategic Inc (No Trail) Inc
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  • Artemis Income R Inc
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  • Fidelity MoneyBuilder Dividend
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  • Aviva Investors UK Equity Income SC 1
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  • Trojan Income O Acc
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  • M&G Dividend A Inc
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  • Rathbone Income Inc
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  • Premier Inc A Net Inc
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  • AXA Framlington Monthly Income R Inc
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  • Old Mutual UK Equity Income A Acc
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  • Jupiter Income Trust
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  • Newton Higher Income GBP Inc
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  • M&G Dividend A Inc
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  • Adrian Frost
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