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Here are five additional investment trusts (largely UK-listed but with global exposure) that may suit a retirement income portfolio. As always, this is for educational purposes only, not individual financial advice — you should check suitability, charges, dividend sustainability, tax implications and diversification for your own circumstances.

1. JPMorgan Global Growth & Income Trust (ticker JGGI)

  • A global equity income trust with worldwide exposure. According to one source, it declared a dividend target to deliver “an attractive level of predictable income and capital appreciation”. Fidelity+2Invesco+2
  • Yield in recent commentary: ~3.6-4.0% for the 12-month period. Interactive Investor+1
  • Suitable for a retirement portfolio because: offers global diversification (not UK-only), decent income and growth potential.
  • Key risks: yield is modest compared to high-yield trusts, global equities mean currency/market risk, and you’ll need to ensure the dividend is sustainable.

2. Murray International Trust (ticker MYI)

  • A trust in the “Global Equity Income” sector. In a listing of “most viewed trusts” it had a yield of ~4.4%. The AIC+1
  • Why consider it: again global exposure, which can provide diversification from UK-only trusts; moderate yield with potential for inflation-hedge via global holdings.
  • Things to check: the yield is lower than some high-yield UK trusts, so if immediate income is the priority you might need to supplement; global exposure adds more variability.

3. Aberdeen Asian Income Fund (ticker AAIF)

  • Focused on Asia Pacific equity income. In one list it had a yield of ~7.45% and 5-year dividend growth ~9.3%. Interactive Investor+1
  • Why consider it: higher yield, plus geographic diversification into Asia Pacific which may offer growth and income potential that complements more traditional UK/US holdings.
  • Key risks: Asian markets tend to be more volatile; currency risk; emerging market risk; higher business risk compared to developed markets.

4. Henderson Far East Income Trust (ticker HFEL)

  • A specialist Asia Pacific (ex-Japan) equity income trust. It is listed among the highest-yielding equity investment trusts, with yields over ~10% in some reports. The AIC+1
  • Why include it: offers very high yield, which can be attractive for retirement income; adds a niche/region layer to your portfolio.
  • Caveats: High yield often implies higher risk (region risk, sector risk, currency risk, company risk). Dividend sustainability and underlying company health become more critical.

5. Invesco Global Equity Income Trust (ticker IGET)

  • A globally diversified income trust. Its objective states a focus on providing income and capital growth through a diversified global portfolio. Invesco
  • Why consider it: global diversification, income aim, useful alternative to UK-only equity trusts; good fit for a retirement portfolio seeking both income and some growth.
  • Key things to check: verify current yield, discount/premium to NAV, fees, underlying holdings and how well income has held up across market cycles.

✅ Summary & Portfolio Considerations

  • These five provide a good spread: some global equity income trusts, some regionally focussed (Asia Pacific) with higher yields, complementing UK-centric trusts you might already have.
  • For a retirement portfolio you may aim for a blend of:
    • Moderate yield + good dividend growth (to combat inflation)
    • Geographical diversification (UK, global developed, emerging/Asia)
    • Sector diversification (not all banking or consumer goods)
    • Balance between yield and capital preservation/growth.

⚠️ Key Risks & Things to Do

  • Verify dividend sustainability: a high yield is tempting, but check if the trust’s underlying companies can support the dividends during downturns.
  • Be aware of discount/premium to NAV: many investment trusts trade at a discount (or premium) to their net asset value; this affects value and risk.
  • Consider fees and structure: closed-ended trusts (investment trusts) have some advantages (e.g., ability to hold reserves) but also structural complexities.
  • Tax and currency: as a UK resident you need to consider withholding tax on overseas dividends, currency impact (when income/capital is in non-GBP), and tax‐treatment in your retirement account (ISA/SIPP).
  • Don’t rely on yield alone: growth of dividends, capital preservation, and diversification are also important, especially in retirement when you may need to draw down income rather than reinvest.