A well-performing
investment trust fund has been recommended by JP Morgan for
those looking for a good return on their money.
The Mercantile
Investment Trust returned six pence for each
share in the first quarter of 2009 and 36 pence over the last
financial year with a yield of 4.6 per cent, which is 4.1 per cent
above the base
rate .
Trust board members have announced that they expect to keep up this
performance for the rest of the year, allowing
investors to receive a steady income on their
funds .
James Saunders Watson, head of
sales and marketing for
investment trusts at JP Morgan
Asset Management, said: The board's commitment to
continue paying
dividends at an attractive level for the rest of the financial
year indicates that it has utilised the unique structure of
investment trusts .
Kevin Lilley, fund manager at
Royal London Asset Management recently said that the lack of
credit for companies has led to more generous
shares being offered and increased
investments to help them reach their goals.
