Will income shares return to favour?

This year has been challenging for income fund managers, with investor interest in the early part of the year focussed on technology stocks rather than old economy stocks, sometimes unfairly dubbed 'legacy companies'. Recently, the technology bubble has shown signs of deflating, but it would be a brave man to write off the new economy. Technology is here to stay and there will be tremendous opportunities, as well as huge disappointments. So what is the role of the income fund going forward? Are income funds just a vehicle for yesterday's companies? Are income fund managers a dying breed? ...