Equity income funds may “lack the glamour” of emerging markets or technology funds, says Mark Atherton in The Times, but over the past five, seven and ten years, they have outperformed regular equity funds and made investors a lot of money, according to figures from Trustnet, the research group. So if you’re looking for “a fund that’s no riskier than an index tracker, but can deliver better performance”, then the Jupiter Income Trust managed by Tony Nutt (pictured) should be on your shortlist, says the Daily Mail. It’s beaten the FTSE All-Share index over each of the past five years.
With over 20 years of investment experience, Nutt’s “cool manner reflects a character that does not buckle under pressure”, says Citywire.co.uk. This is just the temperament needed to manage the more than £3.2bn in funds that are under his control. The large size “has not dimmed Tony Nutt’s ability to consistently generate income within this conservatively managed fund”, says Vince Regan, head of collective investment at Tilney, an independent wealth manager, in The Scotsman.
Nutt was “running big funds when nobody was talking about big funds”, says head of research at Hargreaves Lansdowne, Mark Dampier, in Money Marketing. In the 1980s, he ran £1.5bn of funds at TSB, when he was one of the top ten income fund managers, after which he moved to Flemings, where he managed a £2bn fund.
It’s that kind of experience that has attracted many investors, as Ben Yearsley of Hargreaves Lansdowne points out in the Daily Mail. “Tony Nutt has a great track record in the City and is one manager you would happily trust with your money through thick and thin.”
Telephone: 020-7314 7600
Jupiter Income Trust top ten holdings
Name of holding % of assets
BP 8.20%
Royal Dutch Shell 4.25%
Vodafone 3.30%
Persimmon 3.14%
Royal Bank of Scotland 2.21%
Land Securities 2.18%
Liberty International 2.09%
Xstrata 2.03%
ICAP 2.03%
Standard Chartered 1.91%