Don't write off cyclicals [link]
Bought a few this am Added myself this morning
Smith interview [link]
Re: Smith looks for surprises Bought a few more this afternoon at 1.61 - Yield 5.38%.
Re: Smith looks for surprises Bought a few yesterday and the day before average 1.72 paid - Yield 5.14% on market lows.
Smith looks for surprises Smith looks for surprisesDavid Smith, manager of the Henderson High Income (HHI) investment trust, is looking for companies that can deliver extra earnings growth despite the slowdown in the global economy caused by Chinas deceleration.His £231 million fund seeks to provide a high level of investment income and some capital growth. It invests mainly in shares but can hold up to 10% in bonds to boost the dividends it pays shareholders. It yields 4.9%, has returned 43% over three years and last year charged investors 1.59%, including a performance fee (its ongoing charge excluding the performance fee was 0.73%).[link] a few at 1.72 this morning - intend to drip feed on market sell-offs with that conservative approach & yield.