Has equity income become the kipper tie of the fund world?

UK equity income is a deeply unfashionable fund sector - the kipper tie and flares of the investment world. Last year, it saw outflows of more UK investors' cash than any other - £6.8bn. Over the five years from 2016 to 2020, outflows exceed £25bn. Equity income globally also fared badly, with Equity Global Income and Equity US Income shedding more than £1.5bn between them over 2020. It's not so very long ago that equity income UK used to vie for pole position with equity UK in sales terms. Historically, the sector was seen as combining a defensive way of accessing equities, pushing c...