Apples and pears

Choices abound in the UK Equity Income sector, but which tree will bear the best fruit? asks Liontrust's Rob Page

If you go into a greengrocer to buy an apple, you might ponder the relative attractions of a Golden Delicious or a Granny Smith. You are unlikely, however, to decide on a pear. Yet this is the dilemma facing investors trying to select a UK Equity Income fund because of the different investment styles of the managers within the sector. This is important because the UK Equity Income sector has long been one of the mainstay investments for the broader IFA market. UK Equity Income is the second-largest IMA sector with £45.4bn in funds under management at the end of June 2008. This retail fu...