Royal London UK Equity Income M Acc
- Citicode
- GWUQ
- Launch Date
- 26-11-2012
- Fund Size
- £1,096,358,136
- Yield
- 4.05%
- Ongoing Charge
- 0.72%
- Fund Managers
- Max Newman
Richard Marwood
Fund Objective
The Fund's investment objective is to achieve a total return (combination of capital growth and income) over the medium term (3-5 years) by investing at least 50% in the shares of UK companies listed on the London Stock Exchange. The Fund’s performance target is to outperform, after the deduction of charges, the FTSE All-Share Total Return GBP Index (the "Index") over rolling 3-year periods. The Fund also aims to produce an income in excess of the Index's income over rolling 3-year periods. The Index is regarded as a good measure of the share-price performance of the approximately 600 largest companies on the London Stock Exchange. The Index is considered an appropriate benchmark for the Fund's performance, as the Fund’s potential investments will predominantly be included in the Index. In addition to the benchmark for the Fund’s performance as noted above (the “Index”), the IA UK Equity Income sector is considered to be an appropriate benchmark for performance comparison.
Top 10 Holdings
Asset Class
Fund Manager
Max Newman
Start Date
11-11-2024
Bio
Max Newman – Fund Manager, Max serves as the deputy fund manager of the UK Equity Income Fund and the UK Dividend Growth Fund. He joined Royal London Asset Management in September 2024 from Atomos Investments, where he managed multi-asset funds with responsibility for equity allocations. He has 10 years of experience covering UK equities and was previously a Portfolio Manager at Julius Baer, where he managed the core UK equity product. He has a first-class honours degree in Economics, Finance and International Business from Oxford Brookes University and is a CFA charterholder.
Fund Manager
Richard Marwood
Start Date
08-02-2021
Bio
Richard Marwood – Head of UK and European Equities, Richard is the Head of UK and European Equities team and manages the UK Equity Income, UK Dividend Growth and UK Income with Growth funds. He joined RLAM in 2016, having previously worked at AXA Investment Managers for 19 years where ran a wide range of UK equity and multi-asset portfolios, most notably AXA’s Distribution Fund franchise. Prior to working in the City, Richard had an engineering background, having served an apprenticeship with British Aerospace. He holds a Mechanical Engineering Degree from Sheffield University and a PhD in Aerodynamics from Oxford University.
Data source:
All financial data is supplied by FE
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