Price of high yield shares is compelling

The polarisation of the market between technology, media and telecoms (TMT) stocks and the rest has caused many investors to ask if there is any point investing in above average yielding stocks when they seem to keep going down? Is equity income important when capital returns seem so attractive elsewhere? I would suggest that there is a place for an equity income fund in every portfolio. The sector offers the prospect of good total returns going forward but also can be used as a portfolio diversification for more growth-oriented investors. High yielding stocks have been spurned by investor...