UK Equity Income Funds Remain Popular Amid Brexit Fallout

With the FTSE 100 reaching record levels, high-conviction equity income funds remain popular among Morningstar.co.uk readers in September

Karen Kwok 11 October, 2016 | 11:59AM

A Brexit vote will have a positive impact on the global economy over the long term, according to Christopher Lees, senior fund manager at JO Hambro Global Select fund.

Speaking at the JO Hambro UK annual investor conference in London last week, Lees said that the fact of a Brexit vote forced questions to be answered, that had been previously been swept under the carpet. Lees said he has faith in Britain’s ability to deal with problems, and he believes solutions will be found.

“The European Union does not work, lots of people know it but they don’t admit it. Meanwhile, people forget that Swiss have their own referendum as well, and they have already said no to immigration. By law, the European Union and Switzerland have to reach an agreement early next year. So it’s not just Brexit, but there are other issues in the European Union as well,” Lees explained.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AXA Framlington Biotech GBP Z Acc369.19 GBP3.36
BlackRock Gold and General A Acc1,032.58 GBP4.58
Fundsmith Equity R Acc4.10 GBP2.79
Invesco High Income UK Acc507.23 GBP-2.31
Legg Mason IF Japan Equity X Acc3.88 GBP-0.79
LF Lindsell Train UK Equity Acc381.31 GBP-0.10
LF Woodford Equity Income C Sterling Acc15.00 GBP-0.27

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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