Just two open-ended UK equity income funds have grown their dividends every year over the past decade, research has found. The two funds that achieved the feat – out of a pool of 58 – are BlackRock UK Income and Troy Trojan Income, according to data from FundExpert, the analyst.
UK equity income
Over the past three years to 11 March, investors in Neil Woodford’s flagship LF Woodford UK Equity Income fund (WEIF) have suffered losses of 6%, punctuated by a particularly poor 2018, when the fund was down 16.4%. In contrast, the average UK equity income fund has gained 20% over three years.
Nerves over Brexit resulted in a UK equity income fund sell off during the first quarter of 2018.
Mark Slater, one of the UK's leading stock-pickers, reveals where the opportunties are now Brexit is underway.
More than a quarter (26 per cent) of the money managed by UK equity income funds is invested in just ten dividend-paying companies
The new fund will aim to deliver an income of 5p per share for every £1 invested in its first full calendar year.
Woodford marks eighth month at the top while Barnett recovers ground in this month's most-bought funds.
Neil Woodford reigns and Neptune UK Mid-Cap makes a comeback in February, according to data from Interactive Investor.
A number of UK income trusts have seen their discounts widen, while European trusts have become expensive despite weakness in the region.
Net sales of UK equity income funds to private investors reached the highest level since records began in 1982, according to IMA statistics.