View more on these topics

‘Go further afield for income’

Sarasin Chiswell fund manager Graham Ashby says overseas income is becoming a more attractive option.

Ashby, who is nearing his one-year anniversary on the international equity income fund, said some managers prefer UK offerings but there are more opportunities further afield.

He said: “Yield is marginally higher in the UK but the payout ratio overseas, particularly from the likes of the US, Japan and emerging markets, is much more appealing.”

Ashby also said many UK equity income funds are failing to achieve a yield in excess of 110 per cent of the FTSE All Share. Ashby said: “If you look at the 99 funds in the UK equity income sector, 30 per cent have failed to reach the benchmark yield of 2.98 per cent.

“A whole raft of countries are offering wider opportunities as international company management is increasingly recognising the importance of regularly paying and increasing dividends. This means the opportunity of attractive stocks in much wider than in the UK.”


Clark joins FSCS

The Financial Services Compensation Scheme has appointed Jonathan Clark as director of claims.Clark joins from the quality and compliance department of Crawford & Company.He will join the FSCS executive team in June and because this is a board appointment the FSA has appointed Clark as an executive director of the FSCS.Clark succeeds Ron Devlin OBE […]

Friends says time is right to take control

Friends Provident says taking over Sesame and Pantheon Financial marks the next phase in its acquisition of distribution companies.Marketing and UK distribution managing director Simon Clamp says Friends started out buying small stakes but believes the time is right to take full control of distribution firms.He says: “We have been buying stakes of under10 per […]

Out of Context

“You look like Challenge Anneka.”IFA has a pop at the roaming MMTV at last week’s MM Live event “I was rejected for a job at Money Marketing.”The Times’ Mark Atherton missed out on the opportunity of a lifetime and, er, clearly did quite well “Ooh, this is salubrious.”An unnamed speaker at the MM Live awards […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment