Is it time to swap UK equity income funds for sold-off global offerings?

The UK Equity Income sector's total return outstripped other income-focused offerings in the last year, easily surpassing Asian, European and global equity market products. Does that make now a good time to switch?

While jitters in emerging markets in particular have caused a widespread sell-off across much of the globe, the UK – and the US – have powered ahead, with record low rates and dwindling bond yields helping to ensure the country’s most popular IMA sector keeps reaping in cash. The move has paid off thus far. Data compiled for Investment Week by FE shows that nine of the ten best performing income funds over the year to 10 March are within the IMA UK Equity Income sector, with only one other regional fund – Invesco Perpetual European Equity Income – making it into the list. Amid a storm...