Opportunity in diversity

How are UK equity income funds used in a multi-manager portfolio?

With a multitude of diverse UK equity income funds varying in mandate and investment style plus their ability to diversify abroad, how do multi-managers choose funds from this sector for their portfolios? What do they offer to their investors? Historically, UK equity income funds have had good levels of growth and a good risk return profile, partly due to conservative managed portfolios, said Tony Lanning, head of multi-manager at Gartmore. He believes it is important to acknowledge the sector contains funds that are not focused on the yield they deliver, but in producing absolute returns...