With 55% of FTSE 100 dividends forecast to come from just ten companies in 2018, it is not surprising many UK equity income strategies are disproportionately invested in a relatively small number of large-cap stocks.
This bias towards these high-yielding large-cap names has led to high levels of overlap and correlation within funds in the IA UK Equity Income sector. However, away from the large-cap area of the market,...
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