Opportunity knocks

With the recent changes to advance corporation tax (ACT) and the consequent withdrawal of tax credits from equity income funds, many commentators now see bond funds as the income vehicle and equity funds as the growth vehicle. This attitude is, however, quite concerning. Equity income funds have proved to be one of the most popular and enduring sectors of the UK unit trust industry and to write them off so quickly could distract investors away from a core investment product at a time when they may need it most. Before considering the central case for equity income funds it is appropriate ...