The UK Equity and Bond Income sector contains funds that invest wholly or mainly in the UK. They invest both in equities and bonds (they cannot hold just bonds / debt or just equities) with the aim of producing a high income. The IMA definition (which the AIC sectors relate to) says the yield on the fund should be at least 20% higher than the yield on the FTSE All-Share Index. The attraction of mixing bonds and equities is the hope that when one asset class is doing badly, the other may be doing well enough to offset that. In practice sometimes both asset classes to well or do badly at the same time.
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