Robertson and Smith enter Chelsea's Relegation Zone

Standard Life's Karen Robertson and M&G's Aled Smith have both entered Chelsea Financial Services' infamous 'Relegation Zone'.

Robertson, running the £756m Standard Life UK Equity High Income fund for the past 15 years, has seen performance dive in the last year, with the fund suffering heavily in turbulent markets. The experienced manager’s fund shed 2.3% in the past year, compared to the IMA Equity Income sector average gain of 1%, according to Morningstar. Short-term losses are now weighing on longer term numbers, and over three years her fund is now ranked 73rd in the sector, having returned 6.1%, against an average return of 16.7%. Darius McDermott, managing director of Chelsea Financial Services, sai...