Fund platform interactive investor has removed Nick Kirrage’s Schroder Income fund from its buy list amid underperformance and uncertainty on future income payments.
The £1.2bn Schroder Income was dropped from interactive investor's Super 60 list of funds, with the platform citing poor performance versus peers as the main reason. While the platform accepted the fund's value bias has not helped performance in recent years, it noted that the vehicle had fallen behind its IA UK Equity Income sector counterparts, too. Schroders forges ahead with British Opportunities Trust launch as competitors drop out Schroder Income, which is managed by the firm's value team led by Kirrage and Kevin Murphy, has gained just 2.2% and 58.3% over the past five and t...
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