Income Growth Portfolio
Investors looking for a growing income will find the ideas in this portfolio useful. The constituents are suggested by David Stephenson of Thames Valley Investments and this hypothetical £100,000 portfolio is updated quarterly.
The portfolio's start date is 3 February 2014 and its starting yield is 4.6 per cent.
The previous incarnation reached its five year anniversary on 5 November 2013. It returned 72.2 per cent compared with 64.7 per cent from the FTSE APCIMS Income Portfolio benchmark; and 48.9 per cent per cent from the IMA Mixed investment 20%-60% Shares sector average.
The detailed review of the starting constituents appears in Money Observer's March 2014 edition.
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You can view the most recent income growth portfolio update here.
Portfolio investments start date: 3 February 2014
11 July 2016: Sold Schroder European Alpha Income Z Inc hedged at £1.659, total value £6,111.756. Bought 3,640 units of Schroder European Alpha Income Z Inc at £1.679 for a total value of £6,111.56. Remaining cash balance £226.24.
27 May 2016: Sold RWC Enhanced Income Dis A at £78.8585 (£5,283.52). Bought Fidelity Enhanced Income Y Inc at £1.0690 (£5,199.62 - 4869 units).
14 July 2015: Sold holdings in Aberdeen Asian Income and Investec Emerging Market Local Currency Debt. Purchased 2,978 units in Invesco Perpetual Global Financial Capital at £2.46 and 3,684 units in Schoder European Alpha Income 'hedged' at £1.99. NOTE: The total holding in Princess Private Equity had been incorrectly stated as 1,774 shares when it should have been 2,281 shares.
2 February 2015: Sold 2,664 units in Evenlode Income for £4,514.15; sold 44 units in RWC Enhanced Income for £3,881.93; and sold 4,899 units in Liontrust Asian Income for £5,314.93.Purchased a further 2,183 units in JOHCM UK Equity Income for £3,938.12; puchased a further 527 shares in Princess Private Equity for £3,741.70; purchased 4,000 units in Marlborugh Multi-Cap Income for £6,081.60.
1 November 2014: Sold holding in War Loan for £5,409.65. Purchased 516 shares in BlackRock World Mining at 349p, 1,624 units in Investec Emerging Markets Debt at 110.84p and 1,691 shares in Middlefield Canadian Income at 105.375p.
1 August 2014: Sold holding in International Public Partnerships and purchased 1247 shares in Princess Private Equity Holdings at 659p.
1 May 2014: Sold holdings in Piction Property and Murray International. Purchased 10,785 shares in F&C UK Real Estate at 83p; 5,396 units in Investec Emerging Markets Local Currency Debt at 109p; and 6,396 shares in Middlefield Canadian Income at 105p.