CT UK Equity Income Class L- Accumulation (GBP)
Our view on this Fund
This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »
Richard Colwell, this fund's lead manager, has announced he will retire from Columbia Threadneedle (CT) at the end of November 2022. This means he'll eventually step down as manager of the CT UK Equity Income fund. Until then there will be a transition period during which Jeremy Smith will take over as lead manager of the fund.
Smith is currently Head of UK Equity Research and a fund manager at CT, and has worked with Colwell since joining the firm in 2015. Jonathan Barber will remain as deputy manager. The new managers will continue to run the fund using the same investment style and approach. However, we are mindful they are untested on this fund over a prolonged period in the same way as Colwell.
Smith has over 20 years' experience in analysing and managing UK equities. While Smith has experience managing funds investing in UK larger companies, these have mainly been focused on growth rather than income.
Our conviction lies with Colwell when it comes to the management of this fund. On that basis, and the fact Smith does not have an analysable or strong enough track record in UK equity income investing, means we recently removed the fund from the Wealth Shortlist.
Our view on the sector
Performance Analysis
Investment Philosophy
Process and Portfolio Construction
Manager Track Record Based on HL Quantitative Research
Fund Track Record
12/12/19 to 12/12/20 | 12/12/20 to 12/12/21 | 12/12/21 to 12/12/22 | 12/12/22 to 12/12/23 | 12/12/23 to 12/12/24 | |
---|---|---|---|---|---|
Annual return | -3.68% | 19.04% | -0.24% | 7.68% | 16.37% |
Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.