Morningstar has upgraded the Royal London UK Equity Income fund to an Analyst Rating of Silver from its previous rating of Bronze.
The change follows a recent Analyst Ratings meeting.
Morningstar said the decade long performance of portfolio manager Martin Cholwill has been consistent in its ability to deliver yield and “competitive total returns for investors”.
Additionally, the fund is deemed to offer a cost advantage versus peers, with lower ongoing charges.
“These factors have led to a strong and consistent performance profile over a number of years.”