Terry Smith: 'The really bad news for equity income investors is yet to surface'
Slams IA yield requirements decision
Fundsmith's Terry Smith
The Investment Association (IA)’s decision to suspend its yield requirements for equity income funds is “bad news for equity income investors”, for whom the worst is yet to come, according to Fundsmith’s Terry Smith.
The IA said last week that it would not remove funds that did not meet the yield hurdles it sets for constituents of its UK and Global Equity Income sectors as it looks to guard against dividend cuts and...
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