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UK Equity Income Bulletin

Bond yields fell materially during August leading to the sustained outperformance of more defensive sectors / bond proxies. James and Clive provide their monthly portfolio update.

  • James Lowen
  • Clive Beagles
01 Sep 2019
View PDF   Download PDF  
View PDF   Download PDF  
  • Bond yields fell materially during the month, leading to the sustained outperformance of more defensive sectors / bond proxies. 
  • We added one new stock to the Fund in August, Legal & General. 
  • There is risk to the upside compared to our current guidance for Fund dividend growth for 2019, and we expect to grow the dividend in 2020. We will publish a separate, detailed paper on this subject in mid-September.
     

Disclaimer

Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

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