BlackRock's Whitestone: More pain ahead for UK equity income investors
Income funds and debt issues causing problems
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....
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