A More Nimble Approach to Income Investing
Medalists JPMorgan Income Builder and BlackRock Multi-Asset Income have delivered higher yield to investors by choosing between a variety of asset classes.
Jeff Holt: Investors in search of income in the current low-yielding environment may find what they're looking for in the allocation category. Multiasset income funds generally invest across stocks and bonds and other niche asset classes. They shift between those asset classes based on where the portfolio managers are finding attractive opportunities.
These funds have different names and may fall in different allocation categories, but they share a common focus on providing income. You can often identify a multiasset income fund by a descriptor in its name, like income, diversified income, multiasset income, or income-builder. Their allocation category depends on their typical asset mix.
Jeff Holt does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.