Euro equity income 'has struck sweet spot'

The investment firm says Europe now offers the best opportunities for yield seekers as firms are increasingly keen to return cash to shareholders via increased normal and special dividends. In addition, Resolution says dividend growth in Europe is faster than in the UK, where stocks currently yield only marginally more than their European counterparts. Oliver Russ, manager of the £221m Resolution Asset Argonaut European Income fund, says the European equity income market closely resembles the UK market of a decade ago. In particular, he points out the European market, unlike the UK’s, do...