investments trust for income

talexuser

pip895 wrote: »

Invesco's offerings - they have rather fallen out of favour over the last few years and are now sitting at substantial discounts. - what am I missing?

The performance has been relative pants?

pip895

talexuser wrote: »

The performance has been relative pants?

I agree but I'm not interested in last years performance only next
I'm not convinced there is that much correlation - and a 16% advantage is worth having - at least where we are talking a portfolio containing a bunch of mainly large UK companies!

talexuser

The discount is 11%, and with a new manager and a complete overhaul of the portfolio in prospect that is a step of hope. I had Majadie UK Income some years back after it appeared on several buy lists and the top shares seemed ok. I dumped it after a couple of years because it did not justify its fees compared with the index, so not particularly impressed with the new Management team, I don't see Majadie funds at the top of many tables nowadays. Time will tell, contrarian buying on underperformance can work out, it's all luck.

BLB53

Most financial commentators fail to appreciate the risks posed by climate change. A large percentage of the income in the FTSE 100 comes from big oil companies, the banks which fund them and the insurers who underwrite their risks.

One of the reasons the FTSE has underperformed the global market is the higher weighting to oil via Shell and BP. If you want evidence of the risks of holding oil stocks, just look up the news on Tullow Oil this week - a FTSE 250 company.

Thrugelmir

BLB53 wrote: »

Most financial commentators fail to appreciate the risks posed by climate change. A large percentage of the income in the FTSE 100 comes from big oil companies, the banks which fund them and the insurers who underwrite their risks.

Similar issues face all the major economies. Take any industry and in some form their business models are going to require change.

bostonerimus

So is this is all really just about dividend investing and high quality bonds? A large cap index fund will give you dividends and in the more mature index fund markets there are dividend equity specific indexes. Maybe we should just own utilities? Although in the UK that looks dubious to me as something has to give with those companies given their performance and poor customer service.

pip895

I went for EDIN in the end rather than IVI - mainly because I understood it better - never got my head round why IVI is on such a large discount. EDIN is up 3.6% this morning - always nice to start things of in profit.:)

JMI which I also hold is up over 9%! - makes no sense to me.:rotfl: