If you're on the hunt for a good quality UK equity income fund, the Invesco Equity Income Growth Trust (IVI) is well worth a look. Over five years (to 22 July 2014) its share price is up 128 per cent and it has thumped its index, the FTSE All-Share, which has returned 86 per cent in comparison.
IC TIP:
Buy
Tip style
Income
Risk rating
Medium
Timescale
Long Term
Bull points
- Consistent outperformance
- Reasonable charges
- Wide discount to NAV
- Experienced manager
Bear points
- Small market cap
Last week we tipped another equity income fund run by Invesco Perpetual, The Edinburgh Investment Trust (EDIN), which is managed by Mark Barnett. Both funds are benchmarked against the FTSE All-Share index, and Winterflood research shows they have about 60 per cent of the same stocks. They are both good funds, but there are several important differences between them and their managers.