Don't give up on UK equity income: Cazenove's Hudson

Cazenove's Matt Hudson is urging investors to keep faith with the UK equity income space despite a turbulent few years for the market.

After UK companies suffered a 15% fall in dividend payouts in 2009, the market was dealt a further setback earlier this year after the largest distributor BP suspended its payout on the Gulf of Mexico crisis. The over-reliance on individual stocks such as BP – which was held by the majority of UK income portfolios prior to the oil spill disaster in April – also accelerated calls for more global income solutions. But Hudson, manager of the £39m Cazenove UK Equity Income fund, is confident UK dividends can “get going again” next year. “The UK equity income space is a tough place to b...