Income investing: Look beyond the high yields

Global equity markets have risen over the past year on signs economic growth is accelerating amid loose monetary policies in the developed world. The lessening of a number of macro risks has served to support their upward trajectory. After a strong 2013, global equity markets, in aggregate, have moved sideways so far this year. Europe has delivered strong returns, especially southern European markets such as Spain and Italy. However, emerging markets have continued to weaken, impacted by the combined concerns as to the state of the Chinese economy and the need for further downward curren...