Who is it for
Artemis Global Income
Invests in strong companies globally for income, has low UK content.
Utilico Emerging Markets
Invests predominantly in listed companies involved in infrastructure, transport and similar sectors operating in emerging markets.
Invests in UK companies of all sizes to achieve increasing income and capital growth.
MI Chelverton UK Equity Income
Invests in higher yielding small and medium sized UK companies.
Schroder Oriental Income
Focuses on quality companies in Asia Pacific Region.
A high conviction global growth trust.
JP Morgan European Trust Income Pool
Looks for sustainable dividends from larger companies.
Why these funds were selected
This portfolio invests purely in equity funds in order to provide the best prospects for income growth and capital gains over the long term. It includes four UK focused funds. The core holding is JPMorgan European Trust (income shares). It focuses on large companies but also targets growing, medium-sized companies in the region and has returned over 40 per cent in the past year. Two further UK equity holdings in the portfolio are Lowland and PFS Chelverton UK Equity Income which provide more exposure to medium and smaller sized companies and should give the portfolio greater income and capital growth potential.
Diversified international exposure comes from the portfolio’s holdings in Artemis Global Income and Scottish Mortgage. They are invested in different ways. The Artemis fund is a classic global equity income fund while Scottish Mortgage is more growth oriented and can be used as a source of capital withdrawals to supplement income. Utilico Emerging Markets gives the portfolio exposure to emerging markets. This trust invests for total return but has a yield of over 3 per cent and pays a quarterly income. Finally, the portfolio includes Schroder Oriental Income which provides exposure to the Asia Pacific region and has good potential to provide an increasing income and capital gains over the long term from this faster growing economic area.
Model Portfolio Lima performance 30 Sept 2018
|Total returns (%) over:|
|1 mo||6 mo||1 yr||3 yrs||Since inception|
|FTSE All-Share index||0.7||8.3||5.9||38.5||84.6|
|FTSE UK Private Investor
SCHRODER ORIENTAL INCOMEJuly 2017
Added to Schroder Oriental Income with part of the proceeds from reducing Scottish Mortgage holding.
Used proceeds from reducing Scottish Mortgage holding by 8 per cent to 17 per cent to add to Lowland and Schroder Oriental Income
JPMORGAN EUROPEAN TRUSTJuly 2017
Increased exposure to European equities
SCOTTISH MORTGAGEJuly 2017
Reduced holding by 8 per cent to 17 per cent.
TROY INCOME & GROWTHJuly 2017
Sold Troy Income & Growth to reduce exposure to UK.