Re: Top Five Investments for Monthly Gains and Extra Cashola
Posted by:
Rich Bitches
()
Date: August 20, 2014 10:00AM
Premier Monthly Income, managed by Chris White, is unusual among monthly payers in that it only invests in shares. Mr White invests in high-yielding British firms, comprising mainly blue chips such as BP and GlaxoSmithKline. The fund yields 4.7pc and over the past three years has returned 55pc (capital growth and income payments combined).
Jupiter Monthly Income holds 85pc in shares with the rest in cash and bonds. It yields 5.1pc, and has returned 39pc over three years. A newer fund with a similar investment mix is Schroder Managed Monthly High Income, yielding 5.9pc.
Threadneedle Monthly Extra Income, which also invests around 80pc in shares, yields a lower 3.9pc - which is still considerably higher than the wider UK stock market yield of 3.3pc. This monthly payer is favoured by Lee Robertson of Investment Quorum, the wealth manager, who said: "For me the important thing is that the yield is growing as the fund's portfolio is positioned to benefit from the steady increase in companies' earnings as the recovery continues."
Mr McDermott tipped the recently launched Kames Diversified Income fund. The fund is only six months old but it is targeting a 5pc annual distribution, derived from a portfolio invested 40pc shares and 60pc in bonds.