Oil is now the focus for income seekers

Fresh From CityWire - Frikkee said the oil sector, which accounts for 33% of FTSE 100 dividends, has become the most important sector for income seekers. 'Our research has demonstrated that even if the oil prices falls to only $25 a barrel, UK oil stocks will still be able to maintain their dividends.'

Frikkee said was confident of continuing to grow her fund's dividend. 'We grew the fund's interim dividend by around 6% and expect to grow the final dividend by a similar amount.'

According to Lipper, on a total return basis Frikkee has returned -16.4% on her Higher Income fund versus a return of -23.7% on the FTSE All Share.

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