Finding yield in a growth market

By Jane Wallace As growth stocks have come to dominate stock market leadership, traditional income stocks have been left behind, making conditions tough for UK equity income unit trusts and Oeics. Constrained by their yield requirements, fund managers have been faced with a situation where they cannot invest in growth stocks which offer nil or low yields, and must stick to traditional higher yielding stocks which nonetheless have produced no performance. Some fund managers have come up with a workable solution to the problem, while others have suffered. The top performing fund, ABN Amro...