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ii Super 60 - Man GLG UK Income

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ii Super 60 investments:
Man GLG UK Income

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Asset Group Asset Sub-Group Investment Category
Equities UK equity income Adventurous

Selection rationale:

Man GLG UK Income aims to achieve a level of income above the FTSE All-Share index together with some capital growth by investing primarily in UK equities or equities of companies that derive a substantial part of their revenues from activities in the UK. Currently it has 5.2% yield which is comfortably ahead of the FTSE All-Share’s 4.2% and dividends are paid quarterly.

Manager, Henry Dixon focuses on dividend growth as opposed to the absolute level of yield, and runs a multi-cap portfolio with a distinct bias towards smaller UK dividend-payers. As the fund does not own many of the typical names owned by larger dividend-focused funds, it could experience greater volatility of returns than competitors. This fund may be suitable to complement a core portfolio.

Dixon takes a value-based investment approach and has managed to produce exceptional returns in excess of the benchmark over the short and medium-term despite the style being out of favour. The fund is relatively concentrated with 65 holdings.  The manager also has the ability to invest in the bonds of companies where the team’s analysis of the capital structure suggests more attractive capital upside and income potential than in its equities. At the end of 2019 it had 2% in bonds and 9% in cash.

January 2020

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Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.