Income is the dominant theme among investors at the moment, with the focus on UK equity income spreading to other areas including Asia and emerging markets, according to Adrian Lowcock, senior investment manager at Hargreaves Lansdown.
Bonds have been out of favour this year compared to previous months as the rally has attracted money to equity markets, he said. The FTSE 100's leading stocks are up 10.71% for the year to date, according to data from Bloomberg. "Whilst markets are reaching new or multi-year highs, we are pretty relaxed about their valuations," Lowcock (pictured) said. "Currently the level of inflation we have in the UK is good for equities, whilst interest rates paid on cash and bonds are at unattractively low levels." The rate of UK consumer price inflation remained unchanged at 2.7% for the four...
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