Holly Mckay
Holly MackayFounder and CEO

What is the best fund for income growth?

15 July 2024

Question by Boring Money reader

Hi,

What is the best fund for income growth?

Thanks.


Answered by Holly Mackay

Typically we have to choose between income or growth. If income is your focus, you could look at the Investment Association’s so-called ‘Dividend Heroes’ – they highlight investment trusts which have great track records of paying out income and have consistently increased their dividends for 20 or more years in a row. If you prefer funds, I would suggest either a research site such as Morningstar or look at the funds on the Buy lists of platforms such as AJ Bell, Hargreaves Lansdown or interactive investor. Look for equity income funds and – if you want some additional validation - you can sense-check their picks with Morningstar too.

Answered by

Holly Mackay

Founder & CEO, Boring Money

I’ve worked in investment markets for over 20 years. I started out at Merrill Lynch Investment Management and worked at a few big names before setting up my first business in 2008.