From Morningstar: 2024-06-11 10:46:00

Laura Foll, Portfolio Manager at Janus Henderson, discusses the UK Equity Income & Growth Fund’s performance over three years, with a return of 16.64%, slightly underperforming the Morningstar index due to small and medium-sized UK companies underperforming larger ones, affected by Brexit sentiment and valuation discounts. Takeovers are at an extraordinary pace, with household names like Royal Mail and Anglo being bid for, leading to a “sugar rush” in performance but not a healthy dynamic. Potential remedies include UK equities re-rating, company buybacks, and political support for capital markets. Investment trusts in the UK are valuable due to their predictability in income and revenue reserves, making them likely to survive despite industry consolidation.



Read more at Morningstar: ‘My Fund Shouldn’t Rely on Sugar Rush of Unhealthy…