BlackRock's Avigdori: Why stockpicking will be essential for UK income investors this year

2019 proved to be a strong year for equity investors.

Shifts in monetary policy provided support for markets and offset uncertainty about ongoing US-China trade disputes and the slowing global economy. Recent signs of easing trade tensions have been confirmed by an agreement between the US and China on a Phase 1 deal whereby China is postponing planned tariffs on US autos, and the US has agreed not to proceed with new tariffs, and in some cases, reduce existing ones. Why UK income investors 'should exercise caution' The benefits of the unexpected dovish pivot, whereby the Federal Reserve cut rates three times, have yet to filter throu...