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ASI UK Income Unconstrained Equity I

Bestinvest LogoFollowing a review of the funds in the UK Equity Income sector, we have removed the ASI UK Equity Income Unconstrained fund from our top-rated funds list.

PRICE (INC)

42.83p

PRICE (ACC)

84.53p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.8%

ONGOING CHARGE

0.9%

YIELD

5.2%

1 YEAR
1.12%

Prices as at 01 Jul 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The fund targets income and some capital growth by investing in a multi-cap portfolio of UK equities. Manager Thomas Moore follows Standard Life’s “Focus on Change” investment philosophy, relying on his and the UK team’s ability to forecast earnings surprises ahead of the market. Moore has a greater focus on dividend and earnings growth compared to rival funds, something that leads him to have substantial weights in mid and small-cap stocks and lower exposure to the traditional FTSE 100 income names.

Fund summary

SectorUK Equity Income
StructureOEIC
LaunchedFebruary 2007
Sizem
Yield5.2%
Charging BasisCapital
Dividends paid28 Feb, 30 Jun

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.8%
Ongoing Charges Figure0.9%

Investment Process

The manager sits in Standard Life’s UK equity team and almost all his stocks are buy-rated by the team’s analysts, with their best ideas “Winners List” a particular focus. However, Moore is his own analyst on financials and small cap ideas. The team follows Standard Life’s “Focus on Change” investment philosophy, looking to identify changes in companies and industries ahead of the market and hence that haven’t been priced in. This should enable portfolio companies to grow their earnings and also benefit from positive sentiment, growing their earnings multiples. On this mandate the manager also has a focus on dividend growth. He believes the largest dividend paying stocks in the UK often have poor earnings and dividend growth prospects and are therefore unattractive investments. He focuses his research further down the market cap scale, particularly in the FTSE 250, to find stocks that have an attractive yield but where there is scope for earnings and dividend growth. This open-ended fund is run almost identically to the Standard Life Equity Income Investment Trust.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning