Mr Cholwill says: “Certainly last year was quite a tricky year to navigate, in many ways. Mine’s been a multi-cap approach for a number of years, so the fund had around 40 per cent in mid cap last year and a lot of people with significant mid-cap weightings had a tough year last year.
“I look for companies that are going to deliver sustainable dividend growth, dividends that are backed by cashflow, and I think that’s continued to pay off.”
Saying investors should “look through the noise”, he adds: “Successful investment often does take a number of years to come through.”
Ellie Duncan is deputy features editor at Investment Adviser
KEY POINTS
White list top five
• Royal London UK Equity Income
• Threadneedle UK Equity Alpha Income
• Evenlode Income
• Rathbone Income
• Axa Framlington Monthly Income
Black list bottom five
• Scottish Widows UK Equity Income
• Aberdeen UK Equity Dividend
• M&G Dividend
• Neptune Income
• JPM UK Higher Income
