Aviva Investors UK Equity Income Fund
When you’re seeking income from UK-based equities, a handful of familiar names might spring to mind. The Aviva Investors UK Equity Income Fund should be one of them.
Fund Manager Chris Murphy attributes the performance of this fund to "ignoring the market".
"I believe that the fund’s long term success has been down to careful stock selection and a focus on cash flow – be it Melrose in the engineering sector or Inmarsat in the telecoms sector – and remaining very disciplined about their valuations." - Chris Murphy, Fund Manager of the Aviva Investors UK Equity & UK Equity Income Funds.
The fund provides exposure to a diverse range of companies across a variety of sectors and market capitalisations, which we believe have sustainable above-market yields and attractive capital return potential.
• Fund Manager
Chris Murphy has been working in the investment industry for over 25 years.
• Longer-term pragmatic view
We aim to take a longer-term pragmatic view to help separate market perception from reality which often means taking a contrarian stance.
Fund Manager interview - Aviva Investors UK Equity Income Fund
Watch Fund Manager, Chris Murphy discuss the outlook for the fund and his current portfolio construction, investment process and his current favorite stocks.
What is the ‘pragmatic contrarian’ approach?
This is an approach adopted by the Fund Manager Chris Murphy works as part of a team of 9 highly experienced investment professionals who share a common philosophy and integrated research process. To Chris, pragmatic means he is disciplined in the way he thinks and contrarian in the sense that he is not interested in largely what the market is doing, only in companies.
This means that we give more weight than some to our research-based convictions, rather than short-term market perceptions. An important distinction which helps us look beyond the big yield payers and build a focused, disciplined, diversified portfolio.
“Consistency of overall team beliefs, long term investing in businesses and not speculating on short term trades, whether it is ”risk-on risk-off” is what has worked well for us. A focus on cashflow, good business models and buying businesses you support and want to own at the right valuations is what has kept us ploughing through these difficult markets” - Chris Murphy, Fund Manager of the Aviva Investors UK Equity Income Fund since April 2009.
To find out more about this approach, visit the investment process page
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Except where stated as otherwise, the source of all information is Aviva Investors as at 16 January 2015.
Any opinions expressed are based on the views of Aviva investors and they should not be relied upon as indicating any guarantee of return from an investment managed by Aviva Investors. No part of this document is intended to constitute advice or recommendations of any nature.
The value of an investment and any income from it can go down as well as up and is not guaranteed and investors may not get back their original investment. The fund’s annual management charge is charged to capital. This has the effect of increasing the distributions for the year and constraining the fund’s capital performance to an equivalent extent.