Trustnet: Is your equity income fund really focusing on yield?
Ben Willis, head of research at Whitechurch Securities, said the change enabled managers of large funds not to compromise their investment approach to chase yields.
He explained: “The IA basically altered the sector to facilitate them because there were people like Neil Woodford, Mark Barnett running billions of pounds who were flitting between the Equity Income and All Companies sectors when their mandate is to provide an income.”
Full article available at: Trustnet: Is your equity income fund really focusing on yield?
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