Waverton Investment Management has renamed its European Income fund as the European Dividend Growth fund in order to better reflect the managers' day-to-day approach.
The £37m fund, which was launched in 2005, has been changed with immediate effect but there will be no change in investment strategy. Managed by Charles Glasse and Chris Garsten, it aims to identify large-cap, wealth-creating companies that are to able to sustainably grow their dividend and shareholder returns. Top holdings include Deutsche Telekom, Danish pharmaceutical company Novo Nordisk and German chemical company Linde. The fund has returned 63.9% over three years to 3 January, according to FE, versus returns of 48.8% by the IA Europe ex UK sector. Glasse (pictured), said...
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