Scott McKenzie, manager of the Martin Currie UK Equity Income fund, says now that equity income funds are coming under more scrutiny, those funds that do 'what they say on the tin' should win a more prominent place in investors' portfolios.
For income-seeking investors and their advisers, this is - with apologies to Apple - a time to 'think different'. For the first time in years, the UK Equity Income sector is no longer an automatic choice. In fact, it has recently experienced net outflows. That, in part, is because a rush for capital growth has distracted some managers from their central task: generating a rising income for their clients. You might wonder what comfort a biannual dividend cheque is, when slowing growth and rising inflation are wiping billions of pounds off the value of the market. You might ask why dividen...
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