With the impending sad demise of LSLI I was looking for a new income home for the capital.
Normally I don't bother with Unit Trusts but thought I'd ' test the water' with HL new issue. In answer to my enquiries - no they didn't issue unit certificates - and yes units could be bought thru another broker in which case a 3% front end charge would be levied. (Are these people needy or greedy?) I did not persue the matter further.
Would any current/recent holders of London & St. Lawrence care to share their thoughts.
Thanks in advance.
Regards.
Oliver
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HL Select Income Shares (new fund) and London & St. Lawrence
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Re: HL Select Income Shares (new fund) and London & St. Lawrence
I gave up on dear old LSLI some months ago (perhaps too early, what with recent developments).
What originally appealed - before getting fed up with its lacklustre performance and widening discount - was its diversified 'one stop shop' basket of reputable ITs and its solid yield.
To attempt a comparative replacement, part of the proceeds has gone into SIGT (Seneca Global Income & Growth), in the same AIC sector [worth having a look at its annual accounts to see the wide extent of its multi-asset IT and other investments] and OIEC Jupiter Monthly Income (holding another bunch of decent, mainly income, ITs yielding 4.4% on a monthly basis).
What originally appealed - before getting fed up with its lacklustre performance and widening discount - was its diversified 'one stop shop' basket of reputable ITs and its solid yield.
To attempt a comparative replacement, part of the proceeds has gone into SIGT (Seneca Global Income & Growth), in the same AIC sector [worth having a look at its annual accounts to see the wide extent of its multi-asset IT and other investments] and OIEC Jupiter Monthly Income (holding another bunch of decent, mainly income, ITs yielding 4.4% on a monthly basis).
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