Jacob de Tusch-Lec has more than one third of his Artemis Global Income Fund in European stocks yet argues their recent rally has eroded the safety margin in their valuations so they are far too exposed to government intervention.
Standard Life Investments’ Tom Moore has pounced on weakness in the insurance sector to add Direct Line and Beazley to his UK Equity Income Unconstrained portfolio.
Majedie Asset Management has shuffled its fund manager line up to allow Chris Reid to focus on the Majedie UK Income fund.
David Jehan is to run a covered call overlay strategy for the new Fidelity Global Enhanced Income Fund that is due to be launched on 3 October.
Rudolf Wolff is to launch a Dublin-domiciled Ucits IV version of its financials-focused Income Fund and has revealed plans for two new vehicles, a long/short global equity fund and another trading in ETF futures.
Earlier this month the European Commission introduced plans to create a new type of investment fund for more illiquid assets, such as infrastructure, which can be passported around Europe.
Equity income investors are less risk tolerant when compared to other equity investors yet they still need to take a certain level of risk to generate this income given the low interest rate/low growth environment they live in.
Investment companies have raised £2.7bn in the first half of the year, of which just under half has been through new issues on the London Stock Exchange.
US-income specialist Cullen Capital Management is to launch US Enhanced Equity Income Fund, an equity vehicle with a covered call option overlay designed to offer a bond-like volatility profile.
The latest IMA data shows UK equity income funds back in favour in a big way with their highest retail sales for six years, but this should not surprise anybody given the mood of the majority.
Rathbones Investment Management's net operating income increased 9.8% year-on-year during Q1 2013, reaching £41.6m while the group as a whole posted a 10% increase.
Aviva Investors has changed the investment objective of its World Leaders Fund, moving it to an income mandate which will mirror its Dublin-domiciled Aviva High Yield Equity Fund.
