You are here: Home - Investing - Experienced Investor - News -

The best UK income funds revealed

0
Written by:
08/08/2018
Yields on equity income funds are still attractive for investors despite record outflows from the sector this year, a report has said.

Investors have pulled billions of pounds out of UK equity income funds during 2018 amid Brexit uncertainty and concerns over the sustainability of dividend payments.

But in its latest Income Study, investment firm Sanlam UK said funds in the sector are offering yields of anywhere between 3% and 7% – far higher than the return available from cash savings and bonds.

The report said the sector remains one of the most popular with assets of more than £60bn, accounting for roughly 10% of all assets under management in UK open-ended funds.

Sanlam’s study, which monitors the best and worst performing funds in the UK equity income sector every six months, shows the Slater Income fund is the best all-rounder. It has delivered a total return of 55.6% and paid £32.40 based on £100 investment over five years. It currently yields 4.4%.

The study’s ranking is based on income generated over the past five years, capital growth for each of the past five 12-month periods and volatility over the past five years.

AXA Framlington Monthly Income, which has paid out £21.80 over five years to investors, returned 66.4% and currently yields 4.3%, took second position.

Miton UK Multi Cap Income, which placed first in the last study, dropped to third. It has handed investors £19.60 over five years and returned 78.1%. It currently yields 3.9%.

Also on the list is Schroder Income Maximiser, which currently offers a yield of 6.9%, and has paid out £42.90 but returned 43.7% so appears further down the list in seventh place.

Sanlam Income Study.REDUCED (003)

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Over 100,000 people sign pensions dashboard petition

A petition urging the government not to scrap plans for a pensions dashboard has been signed by more than 100,000.

Close