Telecoms, pharmas and utilities offer best opportunities

ON UK INCOME

OPM's Tony Yousefian says equity income is the only resort for long-term income and capital growth seekers.

Recent market volatility is once more testing the faith of retail investors in equities – but with policymakers all running with negative real interest rates, and assets perceived as risk-free no longer risk free, there is little choice other than the Equity Income sector if the investor’s objective is long-term income and capital growth. There is a swathe of empirical evidence to suggest equity income stocks, over the longer term, give a much better total return than growth stocks. Unfortunately, the investor’s time horizon appears to have become much shorter, with the globalisation of ...