View the article online at http://citywire.co.uk/wealth-manager/article/a744279
Love to hate: top managers' favourite unloved dividend stocks
by Eleanor Lawrie on Apr 02, 2014 at 10:34
Elsewhere, managers are returning to the tobacco sector.
Richard Colwell, the Citywire AAA-rated co-manager of the £2.7 billion Threadneedle UK Equity Income fund, has been buying Imperial Tobacco over the past six months on the back of what he deems its attractive valuation.
‘It had been weak because operationally it has been struggling because a third of its market is now illicit trade, so volumes have been declining quite strongly. Nevertheless, cashflows have been good and supportive of dividends,’ he explained.
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On the road
on Jul 24, 2014 at 10:59