Month: October 2024 (Page 9 of 11)
bola88
artsedmatters.org
coleakehurst@gmail.com
218.3.199.232
rajabandot
I do not know whether it’s just me or if everybody else experiencing
issues with your blog. It looks like some of the written text
within your content are running off the screen. Can someone
else please provide feedback and let me know if this is happening to them as well?
This could be a issue with my web browser because I’ve
had this happen previously. Thanks
Make your own plan and stick to it thru thick and thin but tweak it as u progress along your investment journey.
Dividends received £8,344.19
Cash to invest £765, with the dividends to be received next week the next re-investment is likely to buy more of FSFL
The income fcast for next year remains at £9,120.00 and the target 10k.
The equivalent of a ‘pension’ of 9% and u retain all your capital.
If u want a high income it has to be AEI, or u could pair trade a different Trust with a higher yielder to achieve a blended yield of 7%.
The choice, my friend is yours.
Most-owned dividend stocks by UK income funds
08 October 2024
Trustnet reveals the stocks that appear most often in the top 10 holdings of UK in portfolios.
By Jonathan Jones
Editor, Trustnet
Investors need to be careful when holding more than one IA UK Equity Income fund or they risk owning many of the same stocks, according to data from FE Analytics.
A contracting UK market – with a record number of FTSE 350 companies currently under offer and many larger companies getting taken out in a frenetic wave of M&A activity – may be forcing fund managers into the same shrinking pool of companies.
Additionally, although the dividend picture in the UK is improving, it was hit last quarter as mining stocks slashed their payouts, limiting the number of options further for those with an income mandate.
As such, Trustnet investigated the most common stocks among funds in the IA UK Equity Income universe, where there is an alarming level of crossover.
The table below shows the percentage of the 74 funds in the sector that own the 10 most popular stocks in their top 10 holdings. The figures below – big as they may be – are likely to be even higher if full portfolio data were available.
Source: FE Analytics
In the top spot, some seven in 10 funds in the IA UK Equity Income sector own pharmaceutical giant GSK among their top 10 positions. We have included an asterisk here as we have scanned for fund factsheets that refer to GSK and/or GlaxoSmithKline.
Among the funds with a large weighting to the stock, Man GLG Income tops the list with a 6.5% position. Managed by FE fundinfo Alpha Manager Henry Dixon, GSK is the biggest holding in the £1.9bn fund, which also includes six other names on the top 10 list above: BP; Rio Tinto; HSBC; Barclays; Lloyds; and Shell.
Other funds with notable weightings of more than 5% to GSK include Jupiter UK Income (6.2%), CT UK Equity Alpha Income (5.9%), BNY Mellon UK Income (5.8%) and CT UK Equity Income (5.6%).
However, these figures were lower than others on the list, suggesting that, although most managers own the stock, they tend not to be as concentrated.
Managers appear to have more conviction in the second most popular stock among UK equity income funds: Shell. More than half of the sector own the oil behemoth in their top 10 holdings – 56.8% to be precise.
WS Canlife UK Equity Income and BNY Mellon UK Income have the largest positions here, with more than 9% allocated to the stock in both funds – around 3 percentage points higher than the top backers of GSK.
Schroder UK-Listed Equity Income Maximiser (8.5%), HSBC Income (8.3%) and JPM UK Equity Income (8.3%) also have significant weightings.
However, it is worth noting that Shell is a larger part of the FTSE All Share index, and therefore to go overweight the stock managers will need to take a chunkier position size.
In all except Schroder UK-Listed Equity Income Maximiser, Shell is the largest position in the fund. Instead, the Schroders fund lists AstraZeneca as its biggest holding, worth 9.5% of the portfolio.
AstraZeneca is third on the list of most-owned UK companies among IA UK Equity Income funds, with just under half (48.6%) of the sector including it in their top 10.
UBS UK Equity Income, CT Select UK Equity Income, WS Canlife UK Equity Income and CT Responsible UK Income are the others with the pharmaceutical giant featuring among their top five holdings, with position sizes ranging from 9.2% to 7.8%.
Following the same pattern, BP is in joint fourth place, with 45.9% of the sector owning the stock in their top 10 holdings. It means the top four are split between oil titans in second and fourth place, spliced with pharma companies in first and third.
Although a popular choice, funds that own BP in their top 10 are less concentrated in the stock, much in the same way as GSK. The portfolio with the biggest allocation to BP (UBS UK Equity Income) only has 6.3% in the company.
M&G Dividend and M&G Charifund have 5.7% and 5.5% respectively in BP, while JOHCM UK Equity Income and L&G UK Equity Income have put around 5.2% in the stock.
Rounding out the top five is consumer staple Unilever, which appears in an identical number of top 10 lists as BP.
Familiar names have significant exposure to Unilever, including Fidelity Moneybuilder Dividend (7.7%), CT UK Equity Alpha Income (6.9%) and CT UK Equity Income (6.2%), the latter of which have made an appearance in this article already.
Lazard Multicap UK Income and Schroder UK-Listed Equity Income Maximiser round out the top five backers of Unilever.
Lower down the table above, banking groups HSBC, Barclays and Lloyds are all well backed by IA UK Equity Income funds. The former is the most popular, with 40.5% of the sector taking a top-10 position in the group, while the figures drop to 28.3% and 24.3% for Barclays and Lloyds respectively.
Rio Tinto splits up the bank run, sitting in the seventh spot, with 31.1% of funds in the sector backing the world’s second-largest mining company, while cigarette and vape company British American Tobacco rounds out the top 10, just pipping its rival Imperial Brands.
Questor: Private equity is snapping up cheap property funds – this one is no exception
Story by Russ Mould
City of London
Commercial property is still an area of which many investors remain wary, given the relentless onslaught posed by online rivals to brick-and-mortar retailers and the impact of hybrid working upon demand for office space.
But the result is that some real estate investment trusts, Reits, trade at big discounts to net asset value.
British Land (which Questor tipped in 2018) is one example. Its last reported NAV was 562p per share, and while the danger is the discount closes because the share price goes down, rather than asset values go up, the property giant may yet pay its way in the portfolio.
Questor: Private equity is snapping up cheap property funds – this one is no exception
Lowly Reit valuations are attracting attention. Private equity giant Starwood is bidding for Balanced Commercial Property Trust while Segro is in the process of buying Tritax EuroBox and New River Reit is bidding for Capital & Regional.
Questor says: Hold
Ticker: BLND
Share price at close: 423p
rajabandot
mattsontherapy.com
billygurley@gmail.com
218.3.199.232
lunatogel
Hi! I know this is somewhat off topic but I was wondering if you knew where I could get a captcha plugin for my comment form?
I’m using the same blog platform as yours and I’m
having trouble finding one? Thanks a lot !
£££££££££
Sorry can’t help.
Thursday 10 October
Amedeo Air Four Plus Ltd ex-dividend date
Aquila Energy Efficiency Trust PLC ex-dividend date
AVI Japan Opportunity Trust PLC ex-dividend date
BlackRock Latin American Investment Trust PLC ex-dividend date
Bluefield Solar Income Fund Ltd ex-dividend date
JPMorgan Asia Growth & Income PLC ex-dividend date
JPMorgan Emerging Markets Investment Trust PLC ex-dividend date
JPMorgan Japan Small Cap Growth & Income PLC ex-dividend date
Merchants Trust PLC ex-dividend date
Mid Wynd International Investment Trust PLC ex-dividend date
MP Evans Group PLC ex-dividend date
North American Income Trust PLC ex-dividend date
Primary Health Properties PLC ex-dividend date
SLF Realisation Fund C Ltd ex-dividend date
SLF Realisation Fund Ltd ex-dividend date
Strategic Equity Capital PLC ex-dividend date
Supermarket Income REIT PLC ex-dividend date
US Solar Fund PLC ex-dividend date