Murray International: Zigging When Others Zag
It’s been a tough few years for Murray International but this popular global investment trust certainly offers something a little different while yielding well in excess of 4%.
It’s been a tough few years for Murray International but this popular global investment trust certainly offers something a little different while yielding well in excess of 4%.
Investing can be simple but it’s rarely easy. Our monkey brains are constantly playing tricks on us and taking mental shortcuts that can undermine even the best investing decisions.
Next year will be the 20th anniversary of Mark Barnett taking charge of Perpetual Income & Growth and his 5th anniversary at Edinburgh Investment Trust. The celebrations might be a little muted, however. Their recent performance has been… less than spectacular.
Usually, an investment trust offers either income or growth. But a new kid on the recycling block, Gresham House Energy Storage Fund, appears to offer both: a 7% yield and the prospect of 8% capital growth. Is it too good to be true?
In the never-ending search for income, many people are drawn to investment trust dividends. They come in all shapes and sizes, though, and there are a few nooks and crannies dividend seekers should be aware of.
As I near my sixth decade, I’ve started to shift my portfolio a little more towards higher income investment trusts. My most recent purchase is Bluefield Solar Income Fund, which I took a small position in following its recent results. It yields over 6% and has returned over 50% since its launch in 2013. Most intriguingly, it’s keenly eyeing up the time where unsubsidised solar power becomes a viable option in the UK.
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.
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