UK dividend payments hit a new record high in Q2, with PLCs paying out a total of £25.3bn to investors, but slowing profit growth means full-year dividends are expected to drop year-on-year.
M&G Investments' top performing Global Dividend manager Stuart Rhodes has initiated a number of new holdings over the past couple of months as he seeks a new wave of income payers.
Legg Mason has launched an offshore version of its Legg Mason Income Optimiser fund, also to be managed by Regina Borromeo.
The key risk to investors right now is to follow the "doomsayers" who are preaching that it is time to get out of the equity market, according to Investec multi-asset portfolio manager and strategist Max King.
Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.