Royal&SunAl to cut yield on income OEIC.

Royal & SunAlliance Investment Management is cutting the yield requirement on its UK equity income Oeic, giving it greater scope to buy into high growth companies, writes Leo Bland. The yield requirement on the fund is being cut from 125% to 110% of the yield on the FTSE All-Share from 125% and the fund has boosted its technology weighting to a slightly underweight position. Michael Felton, who runs Royal & SunAlliance Equity Income, said: "As a house we are firm believers in the technology story - we are fully weighted to technology and we have had another year of good performance. We d...