Cazenove UK Equity Income

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Managed by Matthew Hudson, the £399.4m Cazenove UK Equity Income fund returned 70.4 per cent over five years to the end of June and sits in the first quartile of the IMA UK Equity Income sector. Hudson’s largest holding is BP at 5.86 per cent of the portfolio, followed by GlaxoSmithKline, HSBC, British American Tobacco and Vodafone. Hudson has been lifting exposure to areas that should benefit from a cyclical recovery, taking positions in Debenhams and International Consolidated Airlines.

Click here for the fourth highest fund on the White List