Henderson International Income invests globally ex the UK and was set up as a diversifier for investors who were overly reliant on UK equity income funds. It is managed by Ben Lofthouse with a style that emphasises security of income. The trust is trading on a premium and with assets close to £200m. If it continues to deliver decent performance, it looks set to grow over the next few years. Dividends are paid quarterly.
Seneca Global Income & Growth is a multi-asset income fund that emphasises low volatility of returns as well as long-term outperformance. It is introducing a zero-discount policy where it will create new shares and buy-back shares at prices close to asset value and this should help it grow from its current small size.
Once a flagship fund in the Global Equity Income sector, Murray International has suffered as Aberdeen’s focus on high-quality stocks has not been rewarded by stock markets in recent years and its performance has been