Argonaut taps into strong European Income theme

Ex-Neptune managers Russ and Norris have attracted over £300m in 18 months since launch and achieved top-decile performance in Europe ex UK

If property and absolute return funds led the news during 2006, this year the spotlight has fallen on global equity income offerings. Schroders, Jupiter and JPMorgan have all launched funds in the sector, attracted by rising yields on the continent and across the world. However, any newcomer to the space has to follow in the footsteps of Resolution Argonaut European Income, a fund that has generated market beating returns with its value-based approach. In 18 months, the fund has attracted £312m in assets and sits in the top decile among European offerings over one year to 29 May, accordi...