A core global equity income fund which invests in all types of businesses across the company ‘Life Cycle’. The fund aims to limit exposure to broad generic risks such as style, sector or geography and maximise its exposure to stock picking. The team seeks to exploit a number of different inefficiencies in the market. It targets an income at least 20% higher than its global equity benchmark (MSCI World Net Total Return Index).
Joseff Thomas, Niko de Walden
Joseff Thomas initially worked at Ignis and then joined Royal London Asset Management as an analyst. He joined the Global Equity team in 2018. Joseff also helped devlop the team’s proprietary tools. Joseff has a Bsc (Hons) in Economics from the School of Oriental and African Studies in London. He is also a CFA charterholder.
Niko de Walden initially worked as an analyst at Janus Henderson before he joined Royal London Asset Management. Niko co-managed portfolios at Royal London for over seven years, including the Global Equity Income fund and the UK Dividend Growth fund. Niko holds a BA in Classics from the University of Oxford. He is a CFA charterholder.
This team achieved tremendous success when working together previously at Royal London. The Life Cycle process is innovative and unique, and more importantly it has a long track record of working consistently over time. We like this fund’s core nature and careful risk management relative to the benchmark, whilst still maximising the impact from stock picking. We think the partnership is very sensible. The team will be hungry to make this new venture work. This fund is a consideration for anyone looking to invest in a global equity income fund.
£122.7m
Buy
No
6
0.6%
0.6%
Acc and Inc
0.02%
Elite Radar
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Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.
The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.
Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).
Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.
Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.
Funds assigned to an alternative IA sector; sector rankings may differ accordingly.
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The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).
The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.
