She said: "In recent years, he has been joined by co-managers Alastair Laing and Chris Clothier.
"The character of the company remains very much the same, a conservatively managed portfolio of conventional and index-linked sovereign bonds, corporate bonds, preference shares, equities and funds, with strong representation from investment companies.”
Paul Chilver of Birkett Long, said: “For my final two suggestions I am making the assumption that ‘boomers’ are likely to be looking for retirement income."
His top picks are:
- Edinburgh Investment Trust, which is in the UK equity income sector. The trust currently pays a dividend yield of 3.8 per cent.
- The Securities Trust of Scotland, in the Global Equity Income sector. This targets a rising dividend and is managed by James Harries of Troy Asset Management, who has a long track record investing in global equities with an income objective. The current yield is 2.7 per cent.
Harrison of Master Adviser, agreed: “Boomers are the bracket most likely to be drawing income, or at least preparing to. High-yield managers might not like me for this, but this is an age where reliability and sustainability is more important than pushing the envelope on yield."
He said he liked Invesco Bond Income Plus and Shires Income as they have a broad spread of debt and strong income generation.
Have your say
What are your clients' proclivities when it comes to Isa investing? Let us know by emailing simoney.kyriakou@ft.com or tweeting @moorgatemermaid
