Image:
Dan Whitestone manages BlackRock Throgmorton plc
The rise of UK equity income funds will create problems for investors pinning their hopes on companies that are "paying dividends they just cannot afford", according to BlackRock's Dan Whitestone.
UK equity investors are likely to suffer yet another year of high-profile dividend cuts, Whitestone said, while he warned "there are many value traps masquerading as cheap companies" in the UK stockmarket....
To continue reading this article...
Join Investment week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
