Why income seekers should consider investment companies

INVESTMENT TRUSTS

Investors are in negative territory for as long as inflation continues to wipe out whatever credit interest is being achieved on savings.

Of course, this is not a new phenomenon since interest rates have been low for a couple of years now. Decent rates on savings accounts are very hard to find and those that are on offer can carry unwelcome ‘bells and whistles’ in the form of fixed terms or rates that apply for a fixed period of time only. It is likely investors will have to survive in a low interest rate environment for some time so viable income-yielding alternatives are worth considering. Much attention has been focused on corporate bonds and open-ended funds that generate income over recent months. However, incom...