The fund offers investors access to a diversified multi-cap, multi-factor portfolio of attractive stocks and aims to generate a healthy dividend yield

Why UK Equity Income?

Investors can have access to, what we believe to be the most attractive equity income opportunities in one of the best value stock markets in the developed markets. The fund’s diversification means that it has low correlation to – and therefore blends well with – other income  funds. The investment team works within the proven framework of the Potential, Valuation, Timing (PVT) process.

Investment philosophy and process

The portfolio manager invests according to River and Mercantile's long established PVT philosophy, where stocks are evaluated by a combination of their potential to create value, their valuation and the timing of buying into a position.

Sophisticated quantitative analysis and intelligent screening finds only the best opportunities for the manager and investment team to debate and validate by applying rigorous fundamental research.

Investment facts

AUM

£42.0m as at 31 October 2022

Benchmark

MSCI UK Investable Market Index

Fund manager

Matthew Hudson

Latest updates

Investment facts

AUM

£42.0m as at 31 October 2022

Benchmark

MSCI UK Investable Market Index

Fund manager

Matthew Hudson

Fund literature

About the fund manager

photo of Matt Hudson

Matt Hudson
Portfolio Manager, PVT Equities

Matt has over 20 years' experience of managing UK equities, with a deep specialist knowledge of equity income strategies. In 2001, he joined Cazenove Fund Management to launch a new fund, the Equity Income Trust for Charities and to develop his investment approach for equity income. In 2005 he launched the Cazenove UK Equity Income Fund which became one of the best performing funds in the income sector, eventually growing to c.£1bn in assets under management and which was twice shortlisted for the IA best UK equity income fund of the year.  In 2013, Matt moved, along with the rest of the business cycle team, to Schroders following their take-over of Cazenove. He continued to focus on his key income fund responsibilities and was later appointed as the Head of the Schroders Pan European Business Cycle Team, managing a team of senior Portfolio Managers responsible for client assets of over £5bn in long and long/short strategies.

Matt joined R&M in 2022 and is lead portfolio manager of the ES River and Mercantile UK Equity Income Fund

photo of Matt Hudson

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