LF Gresham House UK Multi Cap Income ditches housing stocks in attempt to maintain 4% yield

The LF Gresham House UK Multi Cap Income fund has sold out of holdings in the housing services sector, while maintaining and adding to under-pressure leisure stocks, as part of efforts to maintain a yield of up to 4% in a UK equity market that has seen widespread dividend cuts as a result of the coronavirus pandemic. Speaking to Investment Week co-manager Brendan Gulston (pictured) explained that as the realities of the pandemic were realised early in 2020 the team identified that roughly 10% of the portfolio was in sectors most at risk of dividend disruption. Equity income - is the o...