Simon Murphy covers the current state of UK equities and the unique approach of the VT Tyndall Unconstrained UK Income fund. Despite the UK market's recent surge and the global equity rally, Simon argues that UK equities remain undervalued, especially in the mid-cap space where his fund is concentrated. Emphasising the importance of income generation in today's investing landscape, we explore how the fund's focus on mid-cap stocks diverges from traditional UK income funds, offering a different avenue for income investors.