2 Share price total return (including dividends reinvested) 3 AIC UK All Companies 4 FTSE All-Share Index 5 Calculated based on the NAV per share and share price at year end 6 Ongoing charge excludes performance fee. Ongoing charge including performance fee is 0.88% (2019: 0.91%) as no performance fee was paid during the year 7 This represents three interim dividends of 6.5p each and a proposed final dividend of 7.5p which will be put to shareholders for approval at the Annual General Meeting on 11 March 2021. See the Annual Report for more details 8 Based on the share price at the year end
Performance review
It has been a very difficult year for UK equities. The COVID-19 pandemic and the resultant lockdown caused a rapid fall in UK economic activity, and the impact on corporate profitability produced widespread cuts in dividend payments. In this meltdown the returns from the Company s investment po
UK equity income funds haemorrhage £501m as industry enjoys strong finish to 2020
UK funds shunned once again in December, while net retail sales for the industry hit £6.2bn
UK Equity Income was one of the few sectors to record outflows in December, a month which saw the second largest monthly net retail sales on record.
The UK funds industry enjoyed a strong finish to 2020, raking in £6.2bn during the month, though this fell short of November’s all-time high of £8.3bn.
But investors had no love for the UK Equity Income sector which suffered net outflows of £501m in December, making it the Investment Association’s worst-selling sector, followed by the UK All Companies sector which leaked £369m.
How to invest in a UK recovery: With Brexit done and vaccinations forging ahead, these funds and investment trusts are set to bounce back
With Brexit finally - and literally - a done deal, many hope the fortunes of unloved UK funds and trusts will improve this year and beyond
Positive vaccination news is also raising hopes for a turnaround this year
Latest industry statistics revealed mass outflows from UK funds over 2020
The UK All Companies sector was hit the hardest
Global Equity funds were the biggest winner, with net retail sales of £1.7billion, but UK All Companies funds continued to struggle ahead of the Brexit deal.