Ultimately, no single asset offers a perfect solution for the challenges that you, as an income investor, face. Different asset classes offer different characteristics which vary through the course of a market cycle. The shape of an income strategy will, ultimately, come down to your tolerances to the trade-offs that exist between absolute levels of income, capital growth, volatility, and liquidity amongst others.
As this overview has highlighted, a well-diversified portfolio which has exposure to a multitude of income generating assets across the risk-spectrum can help deliver income. A bespoke, solutions based portfolio is one way to address the issue, or alternatively, you could allocate to a multi-asset income fund, combining the asset classes and bringing together the best each class have to offer. Whichever approach you choose, we believe that more diversified income strategies and tailored income solutions will become increasingly important for a broad range of investors.