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Underperfoming US equity income fund gets small & mid cap overhaul
by Robert St George on May 06, 2014 at 10:14
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’.
Its weighted average dividend yield is 3.2%, compared with 2.1% from the index.
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on Jul 29, 2014 at 13:10