UK Equity Income Bulletin

  • The better-than-expected economic recovery, particularly within the banking, mining and oil sectors, has meant a material uplift in dividend expectations across the Fund allowing us to significantly increase our guidance for Fund dividend growth.
  • Market trends were lacklustre in August with the usual Summer lull impacting trading volumes, and, to a lesser extent, newsflow.
  • The confluence of a very strong economic recovery, low valuations and forecasts that are materially too low should bode well for the Fund’s absolute and relative performance.

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