UK Dividend Growth Fund


Fund Objective

The Fund’s investment objective is to achieve a growing income with some capital growth over the medium term (3-5 years) by  investing at least 80% in the shares of medium-sized and larger UK companies listed on the London Stock Exchange.The Fund’s performance target is to outperform the FTSE All-Share Index (the "Index") over rolling 5-year periods. For further information on the Fund's index, please refer to the Prospectus, available via the fund information section of this website.

Fund manager

The Fund is managed by Co-Managers Richard Marwood and Niko de Walden.

Richard Marwood joined RLAM in 2016, having worked at AXA Investment Managers for the preceding 19 years. He has run a wide range of UK Equity and multi-asset class 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 from Oxford University.

 Niko joined the RLAM UK Equity team in July 2014 and works closely with Richard and Martin Cholwill as part of the Income team. He was previously a graduate trainee at Henderson Global Investors, working principally in Performance Analysis. Niko has a BA Hons in Classics from Oxford University, and is a CFA charterholder.

 

Investment approach

The team take a contrarian approach to investing, looking to exploit moves in investor sentiment to build up positions in misunderstood and undervalued companies. This approach results in a portfolio of out-of-favour stocks where the team believes there is a catalyst to drive the market to reflect their true value over the longer term. The managers seek companies they believe offer the opportunity to deliver positive earnings surprises. Proprietary research and forecasting is a key component of the stock selection process. Overall positioning is influenced by the team’s top down view, with the portfolio displaying a cyclical or defensive bias depending on the prevailing market conditions. The Fund is a high conviction, market cap agnostic offering that will typically hold 45-55 companies.

Please note that the Fund changed its name and objective on 15 January 2018.

 

Product Risk Warning

Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. For funds that use derivatives, their use may be beneficial, however, they also involve specific risks. Derivatives may alter the economic exposure of a fund over time, causing it to deviate from the performance of the broader market.

Protecting against short-term volatilty