UK small cap funds see second highest inflows on record in April
IA UK Smaller Companies took in £240m in April as economy began opening back up
UK small cap funds enjoyed a bumper April, recording their second highest inflow on record, as investors bet on the domestic economy following the relaxing of Covid restrictions.
Savers poured £240m into the IA UK Smaller Companies sector last month, up from £217m in March, according to data from the Investment Association. This was its highest monthly inflow since the record £279m in December 2019.
UK equities as a whole took in £46m of net retail inflows in April, with UK Smaller Companies’ strong performance offsetting outflows from the UK All Companies and UK Equity Income sectors which lost £65.7m and £128m respectively.
‘Dividend hero’ investment firms have delivered inflation-demolishing growth in dividends to shareholders over the past five years, despite the challenges of the Covid-19 pandemic, the Association of Investment Companies (AIC) has revealed.
Majority of AIC dividend heroes deliver ahead of inflation over five years
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17 out of 18 AIC dividend heroes beat CPI
Alasdair McKinnon s Scottish Investment Trust saw the highest rate of dividend growth over the past five years – at 13.2%
All but one of the investment trusts that have increased their dividends for 20 years or more have done so at a rate well ahead of inflation over the past five years, according to figures from the Association of Investment Companies (AIC).
Mark Barnett’s former Invesco funds continue to bleed cash
UK Equity High Income hit by outflows of £536m despite new management, according to Morningstar estimates
Mark Barnett’s former Invesco funds have continued bleeding cash one year after his departure despite a fresh change in leadership and a brighter outlook for value stocks.
The Invesco High Income and Income funds had been battered by redemptions since Barnett (pictured) inherited the mandates from his predecessor Neil Woodford. In 2019 amid the implosion of Woodford’s fund empire and a continued run of bad performance the funds saw an exodus of cash, shedding £1.8bn and £773m respectively, according to data from Morningstar.