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Two portfolios for income

We check in with our two investment trust income portfolios to see which one has paid the most, which one has performed best and what changes have been made
Two portfolios for income

In the 12 months since September 2016 Donald Trump has been elected president of the US and the UK has moved inexorably closer to its exit from the European Union. But both our investment trust portfolios have weathered turbulent markets and delivered positive total returns over that time. 

Our portfolios were put together by David Liddell, chief executive of online investment service IpsoFactor Investor, and Simon Moore, senior investment manager at Seven Investment Management (7IM). Between 30 September 2016 and 30 September 2017, Mr Liddell’s portfolio returned 12.9 per cent and Mr Moore’s returned 9.2 per cent, over which time the FTSE All-Share returned 11.9 per cent.

The trusts in Mr Moore’s portfolio have delivered a higher level of income and his portfolio yields 4.8 per cent. But due to a lack of capital growth his portfolio has underperformed Mr Liddell’s. If you had invested £10,000 into each of the 10 trusts in Mr Moore’s portfolio on 30 September 2016 one year later you would have received dividends worth £5,207.72. Mr Liddell’s portfolio yields 3.6 per cent and if you had invested £10,000 into each of the 10 trusts in it on 30 September 2016 a year later you would have received dividends worth £3,908.77.

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