Run by Henry Dixon, the fund’s re-admittance comes at a time when the IA’s yield requirements have come under fire following the departure of notable funds from asset managers like Invesco Perpetual, Henderson and Schroders.
The fund was initially ejected from the sector in April 2014 when it failed to yield the 110% of the FTSE All-Share yield over a rolling three-year period required to sustain its membership.
Man GLG reported that as of April 22nd, 2016 its UK Income Fund returned 18.92% of fees outperforming the FTSE All-Share and the IA UK Equity Income sector, which returned 5.71% and 10.77% over the same period, respectively.
