Agenda

Time

Session

Location

08:30 - 09:00

Registration & Refreshments

Green Zone Room 1

09:00 - 09:05

Chairman's Introduction & Welcome

Green Zone Room 1

09:10 - 09:50

Boardroom Session 1

See personalised itinerary

09:55 - 10:35

Boardroom Session 2

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10:35 - 10:50

Coffee

Green Zone Room 1

10:55 - 11:35

Boardroom Session 3

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11:40 - 12:20

Boardroom Session 4

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12:25 - 13:05

Boardroom Session 5

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13:05 - 14:00

Lunch

Green Zone Room 1

Speaker

Boardroom Session Topic

Alliance Trust

6%* Distribution Yield: Why Wouldn't You Want It?

Alliance Trust Monthly Income Bond Fund - one of the very few bond funds that focuses on delivering an attractive level of income and preserving capital by actively managing the interest rate sensitivity of the Fund. In the first year (14/6/10-14/6/11), the Fund delivered income in excess of 6%* and capital appreciation - attracting significant inflows along the way. Rod Davidson, Head of Fixed Income and Gareth Quantrill, Co-Manager of the Fund will demonstrate how Fixed Income is an ideal asset class for income provision and the strategies they employ to preserve capital in a world of extremely low interest rates. 

* Yield is based on the total income paid on a gross share class from 14/06/2010 to 31/07/11. The distribution yield is not guaranteed and may fall below this figure. Income can fall as well as rise as a result of market and currency fluctuations. Capital growth may be constrained or eroded with annual charges and any performance fee chargeable being deducted from capital.

Baillie Gifford

Keeping it real - Baillie Gifford's approach to global equity income investing

Dominic Neary manages the Baillie Gifford Global Income Fund, an equity product with the aim of producing attractive total returns by combining an above-average yield with real capital and income growth. He will consider the long-term priorities of the typical equity income investor, and explain why he believes that these are best-served by investing globally in equities offering a range of yields, rather than focusing only on above-average yielding stocks in a single market. Finally he will discuss why his stock selection focus on quality and sustainable growth is particularly suited to an equity income strategy. 

Newton, a BNY Mellon company

Targeting Asia for dividend income

Traditionally, investors would have turned to Asia looking for growth, which is still very much in evidence, but increasingly the region is attracting interest from those seeking good levels of dividend. While an emphasis on dividends has historically prevailed in the UK, Asian companies have also developed a culture of producing dividends and maintaining dividend policies.

Jason Pidcock is the lead manager of the Newton Asian Income Fund and has a five-year impressive record of rising payouts since launch*. Jason will discuss why he believes Asia offers the prospect for sustained income growth.

*Source: Newton/Lipper as at 31/12/2010 income earned after annual charges and UK tax, in GBP, no initial charge, net of UK tax. Fund launched 01/11/2005.

Neuberger Berman

Bank loans as an alternative income source

Joe will explain how a portfolio of senior secured bank loans offers an attractive alternative to traditional income products. With interest rates in the US, Europe and UK at or close to historic lows, bank loans offer a steady yield and a floating rate of interest protects from interest rate rises. Importantly, bank loans are typically secured by the companies underlying assets and sit at the top of a companies capital structure, offering greater protection than most other fixed income assets.

RWC Partners

Too big to fail? Inside the battle to save the income investor

RWC Partners' Ian Lance will focus on the following questions:

Generating a decent income has become a real challenge and has prompted a massive move into bonds.  Could it be that bonds today offer ‘return free risk' and that investing in income producing shares is much the best way to preserve the real value of your clients' wealth while providing much needed income? Second, the UK equity market has become increasingly concentrated over time and three sectors now account for 50% of the market while seven stocks account for over half the market's dividend. With this in mind, how do we construct an equity income portfolio that is both suitably diversified and different from the crowd?