Why it pays not to give up on calculating yields

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Fund yield looks a fairly simple concept on the surface, but how many investors can translate it int...

Fund yield looks a fairly simple concept on the surface, but how many investors can translate it into pounds and pence they are going to receive? The answer is not many because there is more than one way of calculating yield and the percentage figure is an estimation anyway. Like many things in life yield is more complicated than it first appears, and like many things in financial services it is made more complicated than it has to be. The reason is simple: there is a lack of consistency on the way fund groups report yield on bond and income funds. Sometimes the yield that is advertised,...