The £2.6bn Evenlode Income fund, run from Oxfordshire by Hugh Yarrow and Ben Peters, was the best performing UK growth fund in 2018.
Evenlode Income was the best performer from 228 funds in the IA UK All Companies sector in the 2018 calendar year.
It is testament to the travails of UK equity managers that Evenlode topped the charts despite having lost 0.12 per cent, the average fund in the sector lost over 10 per cent.
The best known manager in the sector, Neil Woodford, lost 16 per cent in 2018.
Evenlode was originally in the IA Equity Income sector but was, alongside many other funds, removed from that sector years ago for failing to hit the income requirements.
The fund has a current yield of 3.4 per cent, according to FE Analytics, the largest holdings are Unilever and Relx.
The average fund manager in the sector underperformed the market in 2018, with the FTSE 100 having lost 8.73 per cent and the FTSE All Share having lost 9.74, while the average fund in the sector lost 10.9 per cent.
The worst performing fund was the Allianz UK Mid Cap, which lost over 20 per cent.
david.thorpe@ft.com
