geoff1309 wrote:I would be grateful for a few opinions on my next share purchase, I want to increase my IT'a currently have CLiG, FPEO, BRCI and HFEL. am looking mainly for income , many thanks
Geoff
Hi Geoff
Take a look at this thread, it might give you some ideas.
viewtopic.php?f=51&t=597John's portfolios performance has been fine, but he will more than tinker.
But if you get interested in John Baron's bond/fixed interest based ITs, such as IPE, NCYF and CMHY, be aware that when/if interest rates do rise, these would imho need to be watched closely because, despite being somewhat protected by their HY, the capital might very well be affected. John Baron has already let go of two ETFs in that 'space', his timing is often good, and I am sure one of us would flag his change of course.
One which I find interesting is EAT, the European Assets IT, which is weaker at the moment. It invests in mostly smaller Cos across Europe, which is a vast market with many first class companies, and the lead manager knows his way in those markets. It pays a divi based on a percentage of NAV, which is not everybody's ideal choice, but they have broadly made it stick. Worth watching if the Italian vote follow up spooks European markets badly, which I think might happen, when I would then look to top up EAT as a long term hold and 'wait for better things on yield'. Pays in Euro, Dutch domiciled, so best held in a tax shelter.
The other one is SLET, soft at the moment because it invested across the UK cap spectrum, but a very decent long term performer with a well respected manager.
There are many 'ITs' in the specialist debt/infrastructure/green energy which look interesting too from a yield point of view, depends on your view of trading at premia. Useful at the periphery of the portfolio imo.
You do not make it clear if it is all out income for retirement income that you seek, where capital performance is maybe less important, or nice divis to re invest for the longer term, where imho capital growth matters as much as divis. It might change posters suggestions somewhat.
Jon