Phoenix UK Fund Posts Fourth-Best Performance In 2013

Phoenix UK Fund had its fourth best year in 2013, generating a 20.9% return while investing primarily in European shares, according to an investor letter reviewed by ValueWalk. Among the biggest fourth quarter winners in the portfolio were Randall & Quilter, up 25.2%, Bellway plc (LON:BWY), up 21%, Vesuvius PLC (LON:CKSN) (OTCMKTS:CKSNY), up 14.2% and Barratt Developments Plc (LON:BDEV), up 13.9%.  The biggest losers in the quarter included Games Workshop Group PLC (LON:GAW) (OTCMKTS:GMWKF), down -16.2% and Tesco PLC (LON:TSCO) (OTCMKTS:TSCDY), down -5.7%. Insurance business with Lloyds precedes share price rise Randall & Quilter, the Phoenix UK fund’s largest winner was,…