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Article: Aegon UK income fund goes on the defensive.
- Article from:
- Fund Strategy
- Article date:
- June 29, 2009
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The Aegon UK Equity Income fund will adopt a defensive stance at launch as the managers are not convinced markets are on the path to full-blown recovery.
Iain Wells says the nature of the fund, to invest in high yield stocks with the potential for capital growth, will also skew the portfolio towards defensive holdings.
"We think UK equities have a challenging outlook. We have obviously seen some signs of recovery but we are not convinced it is a full blown recovery and it could be more muted. It will be a difficult year or so and I think it will remain that way in terms of themes."
He explains that it will be a time of rotating in and ...