Overseas earnings boost returns for UK Equity & Bond Income portfolios

Top performers say strength of emerging markets over past year has been major contributor to performance

UK Equity & Bond Income funds have prospered over the last year, with the best performers in the sector boosted by their exposure to overseas earnings. The average fund in the IMA’s 21-strong sector returned 36.3% over the year to 16 April. The top performer over the year is multi-manager fund Jupiter Monthly Income with a return of 50.1%. The manager, Laurie Petar, says a major contributor to returns has been the strength of emerging markets over the last year. “When Asian funds were out of favour a year ago, I put 20% of the fund into Aberdeen Asian Income, Schroder Oriental In...