6 adviser-approved funds for income (and 2 to rid from your portfolio)

Access to income-generating investment opportunities has grown exponentially in the past two decades. Long gone are the days when investors could only invest in high-yield dividend stocks to generate suitable returns. That was a bit like buying a chicken for its eggs – and hoping that the chicken didn’t cark it in the meantime. Today there are myriad products to complement stocks, including LICs and LITs, ETFs, hybrids, and managed funds – the latter of which span the global investment universe. But with so much choice, how are investors to decide which opportunities might be useful for them? Fortunately, we’ve engaged two financial advisers – David Lane from Ord Minnett and Hugh Robertson from Centaur Financial Services – to share which products they like and why, as part of Livewire’s 2023 Income Series. For a bit of extra spice, they also share a product that they no longer believe has a place in income investors' portfolios. Note: This episode was filmed on Wednesday 14 June 2023.