The UK Investor Magazine was thrilled to welcome Iain Pyle, Fund Manager at Shires Income, for a comprehensive discussion about the investment trust that currently provides investors with a 5.3% yield.

This is a podcast for UK equity enthusiasts.

We start by exploring the Shires Income approach to achieving a market-beating yield for investors, touching on the portfolio’s composition and key objectives.

Find out more about Shires Income here.

Shires Income is one of the few UK equity income trusts to trade at a premium recently – we ask Iain what he believes the driving factor behind this is.

Iain naturally moves on to the trust’s screening and the types of stocks the managers seek out for inclusion in the portfolio. We discuss balancing an attractive yield with growth and the key attributes Shires require in their portfolio companies.

Shires Income has a notable weighting to fixed income assets, such as preference shares, and we dedicate a segment to the benefits of holding these assets.

Iain provides a deeply insightful breakdown of a selection of Shire’s portfolio companies, really lifting the lid on their investment thesis and what the team likes about the companies.

Companies covered include Greggs, NatWest, Morgan Sindall and Midwich.

Iain finishes by outlining what excites him the most about the year ahead.

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