Hargreaves Lansdown (HL) has added the £1.1bn Schroder Income fund to its Wealth Shortlist.
Launched in 2011, the fund is managed by Kevin Murphy and Andrew Evans and invests in a diversified portfolio of UK companies.
Joseph Hill, HL senior investment analyst, said that the fund could diversify an income-focused portfolio or offer value exposure to a more general portfolio.
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“We think Murphy and Evans have the experience and support to deliver good long-term returns to patient investors, although there are no guarantees,” he said. “We also have a positive view of the collegiate approach, capability and experience of the 12-strong value team the managers form a part of.”
Murphy has been at Schroders since 2000, joining as an equity analyst before managing money since 2006. He has run the Schroder Income fund since launch.
Meanwhile, Evans joined the firm in 2015 as a member of the global value team. He became a named manager on the strategy in November 2022.
According to FE Fundinfo, the strategy has returned 33.5% over three years against the IA UK Equity Income sector average of 20.2%.
This article was written for our sister title Portfolio Adviser
