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Investors struggle to find income, says M&G's Steven Andrew
by David Sandham on Oct 04, 2012 at 17:13
Investors are struggling to find sufficient income, said Steven Andrew, fund manager of the M&G Episode Income fund .
'Seeking income is a big problem for lots of investors,' he said, in a video interview with David Sandham.
'Whether it's to do with the central bankers printing money, or the paucity of returns that have generally been available over recent years, investors are asking themselves seriously, "How can I possibly get an income from which I can live if I am on the edge of retirement?" he said.
Investors should seek income and mitigate risk by a multi-asset approach and diversification, he argued. He discussed openly the risks faced by some elements of his fund.