Buy, Hold or Sell: Royal London UK Equity Income

Royal London UK Equity Income manager Richard Marwood explains why he is buying more of Signature, holding on to Cineworld and selling Dunelm.  

Annalisa Esposito 17 January, 2020 | 11:01AM

richard marwood

Richard Marwood co-runs the Silver-rated Royal London UK Equity Income fund with Martin Cholwill. With around £2.2 billion in assets, the fund has a fairly concentrated portfolio of 49 holdings.

Marwood defines it a “classic income fund, with a very vanilla approach and no derivatives". He aims to spread risk across different sectors and companies. “We are just stock pickers. We try to pick the right companies, rather than taking a view of the world,” he adds.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Cineworld Group PLC48.99 GBX10.96
Dunelm Group PLC1,292.00 GBX1.73
Signature Aviation PLC244.60 GBX2.47

About Author

Annalisa Esposito  is a data journalist for Morningstar.co.uk

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