Manager Eric Moore has worked on the Miton Income fund (formerly known as PSigma Income) since 2010, but his tenure on the strategy entered a rocky period when veteran lead manager Bill Mott retired at the end of 2014.
His departure prompted a flood of assets to leave the fund; AUM fell from £400m at its peak to £170m, as agencies placed the product under review. However, the fund has entered a more stable period in recent months. Moore, who is now lead manager on the vehicle alongside co-manager Gervais Williams, has been successful in achieving outperformance for the fund during a volatile year, pushing it into a top-quartile position over the period. The fund returned 11% in 2015, according to FE Trustnet, versus 6% for the IA UK Equity Income sector. Meanwhile, the fund also appeared on this ye...
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