Why income managers are outperforming

GLOBAL EQUITIES

Patrick Ryan, portfolio manager at Lazard, looks at how a global portfolio of equities can secure a high yield for investors.

Equities can be a means of securing a high yield, and a global portfolio of equities can be a superior method of achieving that yield. This is often overlooked when investors consider a capital investment that supplies a steady income. The economic and capital markets volatility of recent years has reduced the attractiveness of equities to many investors and led to unprecedented inflows into fixed income mutual funds. However, the yields available in fixed income markets were already low by historical standards, and the recent surge of money into bonds has further reduced those yields. ...