TB Saracen UK Income: Rebuilding Capital and Income

The UK Equity Income sector has been a foundation of many UK investor portfolios for decades and has hosted a number of our most celebrated fund managers. However, the current COVID19 crisis has had a profound effect on the ability of companies to pay dividends with significant numbers of businesses cutting, cancelling or deferring payments. The traditional approach to generating income from a UK equity portfolio is now facing considerable challenges with many high yielding businesses having seen their best days behind them, with past dividend payments unlikely to return anytime soon. Given the current scarcity of reliable dividend income it is clear that investors in the UK Equity Income sector will have to look far beyond traditional sources, both by sector and market capitalisation. In this webcast we examine the impact of these profound changes and look at the ability of the TB Saracen UK Income fund to rebuild capital and income during these troubled times Some of the key themes we will address include: - Our modelling of dividend income for 2020 and the scope for recovery in 2021 - Why value strategies are still relevant in a changing world - The importance of a focussed, ‘multicap’ approach