Cherry Reynard looks at why a global approach to equity income is the way forward.
The weaknesses of the UK Equity Income sector have been ruthlessly exposed by the volatility in markets. First, high-yielding financials took a tumble, then companies across the board cut dividends and now income managers have the BP crisis to negotiate. The sector has attracted criticism for becoming progressively more concentrated. The Global Equity Income sector has expanded on the back of this weakness, plus an improvement in dividend payouts globally. The past year has seen new launches from, among others, Artemis, Invesco Perpetual and Sarasin. Does it now provide a real alternative? ...
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