Wealth managers: Why we have gone global for income

WEALTH MANAGERS

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Sales of global equity income funds have been steadily increasing this year. Charlotte Richards asks wealth managers why they are attracted to the sector.

Long a mainstay of investors’ portfolios, the equity income sector has seen a shake-up recently with a deluge of global income-focused funds entering the market. In response, the Investment Management Association (IMA) created the Global Equity Income sector in January 2012. Over 20 income-focused funds moved from the 200-strong Global sector into the new category. The latest statistics from the IMA illustrate the new sector has been going from strength to strength. It saw net retail inflows of £107.1m in July 2012, making it the fifth best-selling sector overall. This was nearly double ...

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