Lang focuses on yields for Liontrust fund

Jeremy Lang has changed almost one-third of the Liontrust First Income fund following his annual rev...

Jeremy Lang has changed almost one-third of the Liontrust First Income fund following his annual review of the portfolio. Lang focuses on stocks he believes are suffering from an over-reaction in the market, such as where a firm's share price has fallen but its yield has still risen. A stock comes to Lang's attention when it is yielding 2% over longer-dated gilts. At present these are the ones that are yielding 4.3%, so he looks for companies yielding 6% plus. Jonathan Harbottle, marketing director at Liontrust, said usually there are less than 10 stocks in the FTSE All-Share yielding...