Glasse cites income opps as Euro dividends hit UK levels

PSigma European Income manager says cover levels superior among continent's firms, creating opportunities for those long-focused on local markets

European dividend yields have hit UK levels for the first time in recent months, according to PSigma European Income manager Charles Glasse. He said cover levels also remain superior among the continent's typically more conservative companies, creating income opportunities for investors long-focused on the local market. Glasse and colleague Chris Garsten set up their firm 2CG in 2001 and have run the PSigma offering on an outsourced basis since late last year. Garsten worked at Credit Suisse in the 1990s alongside PSigma heads Ian Chimes and Bill Mott, while Glasse headed up M&G's Con...