Newton UK Income falls into Sanlam's Black List; Unicorn UK Income re-enters White List

Four funds fall to Grey List amid IA sector shake up

The latest bi-annual Sanlam Income Study has seen four funds drop out of the prestigious White List, while Newton's £1.7bn UK Income fund has dropped into the Black List.

The £1.1bn Schroder Income Maximiser, £827m Threadneedle UK Equity Alpha Income, £404m Franklin UK Equity Income and £358m RBS Equity Income funds exited the White List in the latest rebalance. Commenting on the Newton fund's fall into the Black List, a spokesperson from the firm said: "Similar to other Newton portfolios, the Newton UK Income Fund is positioned for  a more deflationary, low-growth and low bond yield environment and it takes significant positions in portfolios in order to produce long-term out performance. "This can mean there may be periods of underperformance however...