Rathbone Income

Rathbone Income remains a strong choice for investors seeking steady income on top of capital growth.

Chetan Modi 17 November, 2008 | 11:39AM
Manager Carl Stick plies a strategy that we think is fundamentally sound and has led to this fund’s continued success. He looks over the long term for companies that offer healthy yields and can grow their dividends by at least the rate of inflation each year. Stick searches for cash-generative companies to increase the security of dividend payments and focuses on a stock’s free cash flow yield as well as a company’s earnings in relation to its fundamental value (EV/EBITDA). He also keeps a close eye on leverage by assessing a stock’s return on invested capital versus its weighted average cost of capital.

Stick’s strategy has led to strong returns over the past five years versus its average Morningstar UK Mid Cap equity peer, but if we narrow down the category to those focused on prov

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Rathbone Income R Inc836.39 GBP0.26

About Author

Chetan Modi  is a fund analyst at Morningstar OBSR.

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