UK Equity Income Bulletin

June was an odd month with bond yields under pressure before and after the FOMC meeting despite positive economic data and company commentary. 

  • James Lowen
  • Clive Beagles
01 Jul 2021
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View PDF   Download PDF  
  • Despite continued positivity in terms of economic data and company commentary, bond yields fell before and after the Federal Reserve meeting in June.
  • With bond yields under pressure for most of the month, this meant the pause in the rotation towards areas of the market where the Fund has higher exposure continued.
  • Nevertheless, strong profit and recovery performance across the Fund is feeding through to positive dividend decisions allowing us to upgrade our forecasted dividend growth for 2021.


For professional investors only. Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

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