Gartmore's High Income trust is to increase its exposure to fixed-interest stocks and reduce the lev...
Gartmore's High Income trust is to increase its exposure to fixed-interest stocks and reduce the level of equities in the portfolio. According to Mike Egan, analyst at HSBC, the trust missed out on capital growth during the technology boom and is now trying to gain exposure to the area through lower-yielding equities. He said: "Capital growth on the trust has been relatively poor, and by putting more investment into bonds, convertibles and other high-yielding securities, it can increase its revenue from this area. This gives it the freedom to look at lower-yielding stock in areas such as ...
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