UK Equity Income sector is littered with yield traps says FinEx analyst

An analyst report from Financial Express criticises UK Equity Income funds exposing themselves to fi...

An analyst report from Financial Express criticises UK Equity Income funds exposing themselves to financials and warns their high yields may be under pressure. Analyst Harpreet Sajjan compared funds in their ability to pay dividend yields based on financials exposure. Companies that have created yields above 6% and have a higher than 25% exposure to financials giving concern. He says the sector is littered with yield traps for unwary investors, naming New Star's Higher Income, Henderson UK Equity Income, J O Hambro UK Equity Income, Axa UK Equity Income and BlackRock's UK Income fund ...