Rathbone Income - Important sector information
This fund has been moved to the UK All Companies sector, after failing to meet the yield requirements of the UK Equity Income sector.
The Investment Association rules currently require funds to produce a yield equivalent to 110% of that of the FTSE All-Share index over a rolling three-year period. However, in April 2016, the Investment Association paved the way for an overhaul of the sector by launching a consultation on the yield requirements.
We still view this fund as an equity income fund and, pending the outcome of this review, we will, for now, continue to use the IA UK Equity Income sector as its benchmark on FundCalibre.
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