Standard Life Investments UK Equity Income Unconstrained
Again, with just £195.6m in assets under management, this fund certainly has the potential to take off in the wake of Mr Woodford’s departure. Manager Thomas Moore (profiled in Investment Adviser’s October 21 issue) has been managing this fund since 2009 so is yet to break through that essential five year barrier that advisers prefer managers to have, but once that happens in January 2014 this product is likely to swell.
Since January 2009 when Mr Moore took over, the fund has returned 163.51 per cent compared with a sector average return of 90.87 per cent to October 29 2013, according to FE Analytics.
In five years, which overlaps the input of previous manager Dominic Byrne, the fund has posted a return of 204.99 per cent and remains in the top quartile across one and three years – definitely something worth taking notice of.
Of course, this is just a small snapshot of the potential opportunities away from Mr Woodford’s behemoths. With outflows from those funds likely in the run up, and immediately following his departure in April 2014, it is good to have a number of decent performers waiting in the wings.
Jenny Lowe is features editor at Investment Adviser
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