Take a look at APFI fears total return bias in UK Equity Income revamp in Portfolio Advisor. Our UK Lead Jon Beckett comments on UK equity income funds.
A shift in focus in UK equity income funds from yield to total return is an ‘annoying distraction’ for fund pickers, as well as a compliance burden, according to the Association of Professional Fund Investors (APFI).
‘In talking to fund managers, many have found the yield objective too hard to achieve in the current environment without overly concentrating their portfolios,’ said APFI lead Jon Beckett.