Fraser Mackersie and Simon Moon, co-managers of the £637m Unicorn UK Income fund, have said they are not worried about dividend cover for parts of the UK equity market, saying their portfolio has benefitted from a number of companies paying special dividends.
The latest Dividend Dashboard from AJ Bell showed the FTSE 100 companies with the "juiciest looking" dividend yields also have some of the lowest levels of dividend cover, fuelling concerns amid income...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum