Fund of the week: a simple but solid strategy

The Rathbone Income and Growth Fund’s investment strategy may seem simple, but it’s solid, returning 95% over the past five years.

The Rathbone Income and Growth Fund's investment strategy may seem simple, but it's solid, says Chetan Modi on Morningstar. So much so, he says, that it makes the "fund a sound choice for core UK equity exposure". The fund is a "steady performer", returning 95% over the past five years against 78% for the FTSE 100.

Managed by Julian Chillingworth, who has 28 years of experience in the industry, the fund aims to achieve a steadily rising income along with some capital growth. There are no restrictions on where the fund is invested, but 85% is currently in the UK, where Chillingworth has started to switch the fund's exposure from mid caps to large caps.

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