UK equities revival just begun

UK equity income funds have had a good two years but their revival is only just beginning, according to Credit Suisse Asset Management's Leigh Harrison. Harrison, number two to Bill Mott, said that the economic recovery is on the way but equity returns will be lower, making yield an increasingly important part of total return. He said: 'Income funds were out of fashion during the tech bubble but since then there has been a huge turnaround. Dull stocks such as Boots have gone up 25% while Logica has gone from £26 to £3 and Vodafone from £3.50 to £1. We think this story has only just beg...