So where do they look?
The US is hardly an undiscovered play but still has plenty to offer income seekers.
In the UK, there is a huge degree of commonality of stock ownership and strategy among many UK equity income funds and for the first time in a long while some are moving down the cap scale to look for new income opportunities.
Europe is far from being a huge success and well run, yet are still parts of the Continent that are cheap and undervalued rather than cheap for a very good reason as they have been for the past three or four years.
Asia may be slowing but it still offers higher growth prospects than most so with income playing a greater role as a contributor to total return this could be a long-term play.
The one thing they do have in common is that they are all home to quality companies with strong balance sheets weighed down with cash – the trick is to pick the right fund manager to find them so click here to see some of these managers we’ve met with recently.
