Newton's Pidcock: Why the Aussies rule on income

Australia is offering better opportunities than Asia for income investors, according to Jason Pidcock, manager of the £1.8bn Newton Asian Income fund.

Pidcock (pictured), who holds a quarter of his fund in Australia, said he expects the country's government to cut interest rates imminently, making the region's high yielding stocks much more attractive to both domestic and international investors. "We would welcome an interest rate cut, even if its currency slips as a result. Everyone is concerned about the Australian dollar falling, but we do not expect it to weaken as much as expected," he said. According to Pidcock, Australia is often overlooked by income-seekers, who view the country as likely to suffer from slowing growth in Chi...