Royal London Asset Management
Royal London AM UK Equity Fund
UK Large-cap
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy and positions in 41 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Royal London Asset Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · GBP · M Acc GBP
- YTD+8.1%index +9.8%
- 1Y+14.7%index +16.8%
- 3Y · /yr+13.2%index +15.4%
- 5Y · /yr+10.0%index +11.0%
- 10Y · /yr+8.0%index +8.1%
- Inception · /yr+8.1%index +8.3%
Index: FTSE All-Share Index (Total Return, GBP)
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Royal London AM UK Equity Fund | +8.1% | +14.7% | +13.2% | +10.0% | +8.0% | +8.1% |
| FTSE All-Share Index (Total Return, GBP) | +9.8% | +16.8% | +15.4% | +11.0% | +8.1% | +8.3% |
Calendar years
- 2025+14.9%
- 2024+10.0%
- 2023+15.3%
- 2022−3.7%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Proceeds were primarily used to initiate positions in several UK mid-cap stocks including Shaftesbury, Cranswick, Coats, Clarkson, IG Group and Grainger.
We also exited Rentokil due to concerns about competitive disruption in the US pest control market while Haleon was sold in full on valuation grounds.
Elsewhere, we continued to reduce holdings in domestic banks NatWest and Lloyds where we believe the shares to be more fairly valued.
We also initiated new holdings in the healthcare companies Hikma and Convatec, while adding to existing positions in Reckitt and British American Tobacco.
The main activity during the quarter involved exiting Segro following its takeover bid, while also disposing of the holding in Tesco in light of a more competitive environment for UK food retail.
Proceeds were primarily used to initiate positions in several UK mid-cap stocks including Shaftesbury, Cranswick, Coats, Clarkson, IG Group and Grainger.
Proceeds were primarily used to initiate positions in several UK mid-cap stocks including Shaftesbury, Cranswick, Coats, Clarkson, IG Group and Grainger.
We also initiated new holdings in the healthcare companies Hikma and Convatec, while adding to existing positions in Reckitt and British American Tobacco.
We also initiated new holdings in the healthcare companies Hikma and Convatec, while adding to existing positions in Reckitt and British American Tobacco.
We also exited Rentokil due to concerns about competitive disruption in the US pest control market while Haleon was sold in full on valuation grounds.
The main activity during the quarter involved exiting Segro following its takeover bid, while also disposing of the holding in Tesco in light of a more competitive environment for UK food retail.
Proceeds were primarily used to initiate positions in several UK mid-cap stocks including Shaftesbury, Cranswick, Coats, Clarkson, IG Group and Grainger.
Proceeds were primarily used to initiate positions in several UK mid-cap stocks including Shaftesbury, Cranswick, Coats, Clarkson, IG Group and Grainger.
Elsewhere, we continued to reduce holdings in domestic banks NatWest and Lloyds where we believe the shares to be more fairly valued.
Proceeds were primarily used to initiate positions in several UK mid-cap stocks including Shaftesbury, Cranswick, Coats, Clarkson, IG Group and Grainger.
We also initiated new holdings in the healthcare companies Hikma and Convatec, while adding to existing positions in Reckitt and British American Tobacco.
The proceeds were reinvested into new positions in attractive industrial companies, including Weir, Halma, Vesuvius and Hill & Smith.
The proceeds were reinvested into new positions in attractive industrial companies, including Weir, Halma, Vesuvius and Hill & Smith.
The main activity during the quarter involved selling our position in Smith & Nephew due to reduced confidence in the company's turnaround strategy.
In addition, we reduced the size of our holdings in Imperial Brands and 3i Group.
The fund also exited Unite Group, as we expect challenging conditions in the student accommodation sector to persist.
The proceeds were reinvested into new positions in attractive industrial companies, including Weir, Halma, Vesuvius and Hill & Smith.
We also increased our existing positions in Anglo American, Rightmove and SSE.
The proceeds were reinvested into new positions in attractive industrial companies, including Weir, Halma, Vesuvius and Hill & Smith.