Marlborough's Lall on lessons learned over past decade

Diversification strategy has paid off

One of the key lessons during ten years of running the fund has been to stick to our investment process.

When the Investment Association's yield test for the UK Equity Income sector was dropped during the pandemic, we could have easily bought a whole raft of growth stocks. Instead, we stuck to the remit of finding and delivering dividends even when it became significantly harder. Another key lesson has been to remain diversified. It enables you to take advantage of a broad spread of opportunities and reduces stock-specific risk, which is especially important for dividend security. We do not want five companies making up 60% of the portfolio's dividends. In addition, we continue to see ve...