Catching Up: Schiehallion, Tetragon, Mobius, and Hipgnosis
Since I started this blog I’ve reviewed about a dozen investment trusts that I don’t own. Let’s catch up with a few of them to see whether they now look worthy of a nibble.
Hipgnosis Songs Fund (SONG) Shoots For A 5% Yield
So, here’s an investment trust that’s a little bit different. Hipgnosis Songs Fund (SONG) joined the market on 11 July 2018, raising £202m at 100p per share.
It’s one of many investment trusts tapping into the demand for income and returns that aren’t directly correlated to the stock market. Hipgnosis Songs is shooting for a 5% dividend yield (based on its float price) as part of a total target return of 10% a year, courtesy of money generated from music royalties.