Success of investing for income lies in its long-term sustainability

WITH interest rates in developed economies at rock bottom and, with an impending rate rise in the US, the chase for yield has sparked a flurry of commentary about how investing for income is not suited to the times.

But this parochial thinking ignores one major factor - the long-term sustainable and consistent income, as well as capital growth, that this style of investing can deliver.

No doubt, generating income when yields are at historic lows is no longer as simple as investors once believed.