Winner: Caledonia Investments
Caledonia Investments (CLDN) is a £2 billion trust which is highly diversified in term of both asset class and geography. It is managed by Will Wyatt, whose family owns a large stake in its shares, and who puts a lot of emphasis on avoiding permanent loss of capital.
Given the stock market crash in the first quarter of the year, it is a relief that a number of our tips held up comparatively well and that both our conservative and adventurous portfolios proved more resilient than the FTSE All-Share index, despite two of the conservative picks and three of the adventurous picks suffering share price falls of more than 30%.
‘Enhanced income’ versus dividend heroes: which will fare better as income cuts come thick and fast?
Investors who are concerned about the pressures facing UK equity income trusts might want to consider those which invest in other stock markets and achieve competitive yields by financing their dividends from capital as well as income.