Income & Growth benefits from cyclicals rally

Groups in UK Equity Income & Growth sector deliver strong returns over the past year, with top performers benefitting from purchasing cyclical stocks

UK Equity Income & Growth sector funds have delivered strong returns over the last year with the best performers in the sector benefitting from buying cyclical stocks, which rallied from March last year. The average fund in the IMA’s 18-strong sector returned 27.8% over the year to 4 May, according to Morningstar. Neil Woodford’s Invesco Perpetual Income and Invesco Perpetual High Income funds dominate the sector at £7.3bn and £9.4bn in size respectively. Woodford’s funds are the top performers in the sector over five years, up 51.2% and 50.5%. However, over the past 12 months Wood...