Trusting in income

Industry veteran believes the case for equity income will return in line with dividends this year

As the investment world faces up to the grim reality of a ‘lost decade’ for equity market values, Jupiter’s Anthony Nutt admits the poor performance was no surprise – he could see it coming. During 2000, the year Nutt assumed control of the group’s flagship £2.85bn Income trust, the manager made a bold call during a TV interview claiming the UK equity market would not get back to its all-time high during his working life. While markets have seen a meteoric rise from the lows of last year, Nutt remains convinced this will still be the case. “I cannot see many signs the FTSE will go ...