View more on these topics

Global income for Equilibrium

Equilibrium Asset Management is adding a global equity income portfolio.

The portfolio will contain global equity income and regional specific equity income funds and will aim for a yield of 4 per cent. The firm uses equity income funds in its other model portfolios but does not have a specific income offering.

The portfolio will be positioned with 40 per cent in UK large companies income funds, 46 per cent in developed global market income funds, including North America, core Europe and Japan, and 14 per cent in emerging global market income funds, including Asia, South America and Eastern Europe.

Allocation between the different buckets will change based on where the team sees value.

Minimum investment is £50,000. Annual charge is 0.73 per cent and total expense ratio is around 0.91 per cent.

Investment manager Mike Deverell says: “There has been expansion in the equity income market in terms of new income funds globally, which means you can build a well diversified global equity income fund.”

Recommended

1

Over 5,600 ‘phantom’ policy PPI claims

Over 5,600 complaints about missold payment protection insurance were referred to the Financial Ombudsman Service last year where no policy had ever been sold. The ombudsman service published its annual review this week, which sets out complaint trends for the 2011/12 financial year. It show that out of the 222,333 complaints resolved during the year, […]

9

Top regulator says ‘dangerous myth’ of free banking must end

Bank of England executive director Andrew Bailey will today warn free banking is a “dangerous myth” and reform of the retail banking industry cannot go ahead unless the issue is tackled. In a speech being given today at the Westminster Business Forum in London, Bailey will say the free banking customers believe they are receiving […]

1

Artemis special sits fund downgraded by Bestinvest

The £1bn Artemis special situations fund has been downgraded to a sell rating by Bestinvest. The fund managed by Derek Stuart and Ruth Keattch has been given a sell rating by the firm over performance. Bestinvest analyst Robert Harley says the fund has “struggled to add value relative to the market with consistency” over the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment