Six principles for income investing

The current macroeconomic and financial market environment remains supportive of income-focused strategies. The deleveraging process that began in Western economies in 2008 has forced developed market central banks to provide support for economic growth. They have cut interest rates and printed money as consumers and businesses reduce expenditure and repair their finances. This has led to near zero interest rates in many developed nations and resulted in investors struggling to meet their income requirements. Although progressing well, we believe the deleveraging that is currently ...