UK income funds face a new threat from the eurozone crisis if the pound continues to strengthen against the single currency, leading managers have said.
Following a spate of updates from FTSE 100 giants including Vodafone last week, fund managers said if the pound continues to climb against the euro dividends may have to be cut, impacting funds' payouts....
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Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
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