Annabelle Williams asks two UK income managers where they have been finding both value and yield opportunities in the current environment.
UK equity income funds have surged in popularity in recent months, overtaking absolute return as one of the best-selling sectors this year. The sector was again one of the top five best-sellers with net retail sales of £283m in July, well above its monthly average of £140m for the previous 12 months. Income managers have benefited this year from investing in large corporates such as Vodafone, which this month sold its 45% stake in Verizon Wireless for $130bn in one of the biggest deals in corporate history. Its shareholders – of which around 74% are UK income funds – will share a pay-...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
