The UK Equity Income sector hit the headlines by attracting the highest net retail sales on IMA records in April at £500m. So what's the story behind the numbers? Laura Miller finds out...
What can advisers glean from the fact that the Investment Management Association (IMA) UK Equity Income sector broke records going back as far as 1992 in April by drawing in £500m in retail sales? There are a few answers to this. One is the ongoing hunt for yield, another is the arrival of investors who were late to the party. UK equity income has always made up the lion's share of Premier's equity allocation for multi-asset income funds, but as director David Hambidge points out, the sector could be seeing an influx from those investors who were a bit late latching onto the income th...
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