Right now, everyone is looking for ways to generate passive income. This is understandable as this form of earnings can boost one’s cash flow and financial stability. Here, I’m going to highlight three investment ideas for those seeking passive income today. All of these strategies are quite simple and can be started with just a few hundred pounds. First up, we have income funds. These are investment funds that are designed to provide investors with a high level of income. The beauty of these products is that they offer exposure to a whole range of companies, therefore providing instant diversification. They’re also low-hassle investments. One fund that’s worth highlighting here is the Vanguard FTSE UK Equity Income Index. This is a low-cost passive fund that provides exposure to a range of high-yielding dividend stocks including BP, Rio Tinto, and National Grid. Currently, it offers a yield of around 5.1%. I’ll point out that there are many other investment funds that, over the long term, are likely to provide higher total returns (capital gains and income) than this particular fund. From an income-generation perspective, however, I think it has a lot of appeal as the yield is high. Next, we have...