Open up to closed-end funds

Midas Capital's Alan Borrows discusses the use of closed-end space to generate income as a multi-asset investor

One of the great advantages of multi-asset income investing is the breadth of opportunity open to fund managers in delivering investor income. Rather than relying on a single market or income stream to deliver dividends to a fund's investors, managers have the scope to draw income from a wide range of asset classes, each with its own cycle of coupons and dividends to draw on. Consider a UK Equity Income manager, for example, bound to draw the vast majority of income from the UK equity market. Who would rely on a single asset class in a time of low dividend growth and dividend cuts to ...