Purposeful Portfolios: Regular Income

Purposeful Portfolios Regular Income: portfolio hits income goal in rising markets

A rally in global stockmarkets has helped our regular income-focused investment trust portfolio recover from the market volatility at the end of 2018 – every holding has been in the black over the past four months.

Portfolio manager James Brumwell says of the period: “It has not quite been a case of picking any stock and making money, but it has not been far off .” The portfolio has largely tracked the market, he says, and has risen in value by 7.5% since our previous update in January.

Purposeful Portfolios: Regular Income - up 9% since inception

Our regular income portfolio of investment trusts has posted total returns of 9 per cent since inception last April, despite a ‘hairy start to the year’ which has seen nine holdings in negative territory since our last update. James Brumwell, who is managing the portfolio, has been tinkering to take advantage of capital gains allowances before the end of the tax year.

Purposeful Portfolio: Regular Income - Rich pickings for income seekers

Our Regular Income portfolio has collected £4,393 in dividends since its April launch, a yield of almost 4.4 per cent. With many UK equity income funds struggling to meet the Investment Association sector requirement to match the yield of the FTSE All-Share index – currently 3.6 per cent – James Brumwell is pleased with his portfolio’s progress