UK Equity Income

Invesco Perpetual's £600m Income & Growth fund is to move out of the Investment Association's UK Equity Income sector this Friday (27 February) after failing to meet the trade body's yield requirements.

JO Hambro Capital Management's Clive Beagles has blamed an underweight in defensive stocks for the underperformance of the £2.7bn UK Equity Income fund last year but said he refuses to invest in "bond lookalikes".

Threadneedle's Richard Colwell is adding more to stocks including Centrica and GlaxoSmithKline as he seeks contrarian equity income plays for the months ahead.

Holding on to ‘turbulent’ financials has paid off

Mark Slater has sold out of utility company Centrica and bookmaker William Hill in his Income fund, ahead of May's general election.

BNY Mellon Investment Management is set to change the names of two of its funds, the Newton Global Higher Income and Higher Income, and scrap the yield discipline on the latter.

Retail fund sales last year were at their highest level since 2010, according to the latest figures from the Investment Association (IA).

‘No-names’ like we were might struggle today

Aviva Investors is set to merge Chris Murphy's UK Income & Growth fund into his UK Equity Income portfolio, subject to shareholder approval.

October's sell-off contributed to bringing the valuation of the FTSE All-Share down to below historical levels. Tineke Frikkee, manager of Smith & Williamson's UK Equity Income trust, highlights stocks that still look attractive