HL Multi-Manager Inc & Growth Portfolio Accumulation Units

If you're looking for a rising income with the potential for capital growth over the long term in my opinion there is only one investment to consider – equity income.

Despite price rises in recent weeks, valuations remain attractive and yields of 5% are still available. Some companies will cut their dividends this year but others will have the strength to grow them. Having to provide a regular, sustainable dividend means the fund manager naturally migrates to companies with more predictable profits, lower debt, and dominant market positions – the sort of companies that are ideally suited to the current market.

Furthermore, within this sector you'll find some of the finest managers in the UK. Income funds are the flagship for most fund groups. The competition for the top slot is fierce and drives outstanding long-term performance across much of the sector.

The Wealth 150 lists our favourite funds in the sector. Whichever fund you choose we will almost certainly offer you a better deal than anyone else. If, however, you would rather leave the fund selection to us then the HL Multi-Manager Income & Growth Portfolio could be worth considering. The portfolio knits together funds with different styles, investment approaches and yields to provide diversification.

We also collect all the dividends and distribute them to investors quarterly. The fund currently yields 5.1% and despite the problems in the economy many of the underlying managers believe they can maintain (and maybe increase) their dividends this year. The HL MM Income & Growth Portfolio aims to capture the best income opportunities in the UK market. After all, why invest with one top manager when you can invest with a selection of the best?