McKenzie highlights case for equity income

The case for UK equity income investing remains despite the struggling sector's prolonged underperfo...

The case for UK equity income investing remains despite the struggling sector's prolonged underperformance, according to Martin Currie's Scott McKenzie. "It is easy to say income is a concept that is dead and finished because it has seen such a bad time recently," he said. Part of the problem has been managers' inability to own more than one or two low-yielding mining stocks, meaning they have missed out on a large chunk of returns. Equity income manager McKenzie conceded he had too much exposure to small caps and financials, leading to underperformance. High dividend and earnings y...