Martin Currie's Watson predicts turnaround for equity income

It has been a tough time for income fund managers of late but higher-yielding shares are about to com...

It has been a tough time for income fund managers of late but higher-yielding shares are about to come back into favour, according to Martin Currie’s Ross Watson. The manager of the Securities Trust of Scotland said at Investment Week’s Investment Trust forum that although growing dividends has not been a difficult task, the share prices of income producing-companies have been hammered. “It has been a hostile environment for income investing but not for income generation. We have consistently delivered income on the trust and have in fact come in ahead of expectations. The cash dividend ...