Geffen: Worst-hit income funds in Q1 sell-off took highest dividend risk

According to Geffen, who used Morningstar data, the average bottom quartile fund in the IA UK Equity Income sector during the Q1 market sell-off relies on its top ten holdings for 51.47% of its yield generation. During the correction between 29 January and 5 February, the IA UK Equity Income sector average was down 3.9% while the FTSE 100 dropped 4.4% and the FTSE All-Share fell 4.3%. "Importantly, and somewhat uncomfortably for many income investors, traditional FTSE 100 income stocks were some of the hardest hit during the sell-off," Geffen said.  'It wasn't the outcome we hoped ...