T. Bailey Equity Income Fund yields 7%

Investment boutique T. Bailey is delighted to announce the distribution of a 7% yield to its Equity Income fund investors, representing an impressive 155% of the current yield of the FTSE All-Share Index.

The current yield from the multi-manager fund has jumped 45% from July 08 to July 09 (from 4.9% on 1 July 2009 to 7.09% on 1 July 2009) and has even delivered a 14% increase over the current year to date (from 6.22% on 1 January 2009 to 7.09% on 1 July 2009) - great news for investors seeking an income stream in this low-interest rate environment.

T. Bailey Fund Manager Jason Britton said: "Equity income is a hugely popular sector, particularly at the moment as the downward pressure on interest rates has decimated cash returns.

"Many equity income funds have had a tough time recently, so we are very pleased to be able to give investors in the T. Bailey Equity Income fund a yield of 7% at this time."

This comes when many investors have found themselves in funds which are no longer in the Equity Income sector, due to falling income levels, with many yielding less than 5 percent.

Head of Communications Philippa Gee said: "The lack of income clarifies the need to urgently review any income fund choice. If you have signed up for yield then you need to look again. Very few funds are able to deliver decent levels of income in the current environment, let alone increase it.

"It also means that investors can relax in the knowledge that as a multi-manager, we will be keeping an eye on fund manager moves, and changing funds accordingly if we think there is a good case to do so. This prevents them having to chase managers around themselves."