Autif plans to introduce equity yield standards

By Kira Nickerson Autif is to introduce a common industry standard for calculating yield on all equity income funds. As previously reported in Investment Week, the association has already finalised a common way of calculating and reporting bond yields, which groups are expected to enact by 1 September. Anne McMeehan, communications director at Autif, said: "Income fund investors enter the fund at different times so the yield shown is unlikely to reflect what they will actually receive." Richard Eats, director at Threadneedle, said: "What you see for the first 12 months is roughly what ...