Growth at reasonable price is the key

The past 12 months have seen a dramatic rotation between the low and high yield indices in the UK equity market. Equity income funds are typically biased towards the value end of the market and more importantly have very low exposure to technology issues. As such, their fortunes have fluctuated with gyrations of the in such styles. Investing with a growth bias thrived between September 1999 and March 2000, whilst Income Funds were relatively pedestrian. The converse has been true between March 2000 and October 2000 with value based Income funds enjoying a long overdue period of prospe...