Income Funds within L&G Pension

[Deleted User]

Audaxer said:

Deleted_User said:

I don’t know how transparent they really are. According to Trustnet, “The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board continues to recognise the importance of dividend income to shareholders.”  I saw no warning about potential to cannibalize the capital. An older person, who is too focused on the dividends and  the same number of pounds dropping into his account monthly can be easily lulled into a false sense of security. 

CTY has provided long-term growth in capital as well as income as can been seen from the Trustnet figures.  

According to Yahoo Finance, CTY underperformed FTSE 100 and incurred cumulative loss of 16% over the last 5 years. Can’t see anything long term. Trustnet shows a small positive return over 5 years, presumably over a slightly different period. Can’t see the comparison vs FTSE100 though

I shall give it a wide berth