Thursday 3 December 2009

Step-by-Step guide to investing: seminar 9

SOME MORE INCOME AND GROWTH TRUSTS

We have already looked at the Edinburgh Trust, managed by the redoubtable Neil Woodford. Mr Woodford is a cautious man who likes dividends, and The Edinburgh Trust is paying almost 6% and is on a discount of around 6%. It invests heavily in the FTSE 100, and can be expected to perform accordingly.

A third dividend-and-growth that Moneybox Man likes is Finsbury, which, like Temple Bar, started out in 1926. The board has placed management in the hands of stylish Frostrow Capital and the dashing Nick Train of Linsdell Train. Like other managers, Nick reports monthly to tell you how your company is doing - Factsheet Oct 09.pdf  Finsbury has a yield of just over 4% and is on a discount of around 4%. Small selection of stock usually in larger UK companies.

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