Royal London UK Equity Income loses Elite Rating as Cholwill retires
Under Super 60 formal review
Martin Cholwill announced his retirement earlier today
Royal London UK Equity Income fund has lost its FundCalibre Elite Rating and come under formal review by interactive investor following the announcement of manager Martin Cholwill s retirement.
Control of the £1.7bn fund will be handed to deputy manager Richard Marwood, who joined Cholwill in managing the vehicle in 2016.
As a result, the fund has lost its Elite Rating, with Darius McDermott, managing director of FundCalibre, stating that although Richard Marwood has been deputy manager for a while, the fund s performance track record was that of Martin and, as such, the fund will have to lose its Elite Rating .
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