Tuesday, 13 November 2012

IUKD.L purchased

Today i purchased IUKD.L at around 727p.

This is an ETF tracking the FTSE UK Dividend+ Index, made up of the top 50 yielding equities in the FTSE350.  This is intended to be a long term hold, with an approximate dividend yield of 5.2% and a PE of around 11. The current stocks included in the index include insurance, utilities & consumer services so its fairly well diversified.  The price has dropped around 3.5% in the last week since the US election.

I'm looking to build up a well diversified investment portfolio of ETFs with a focus on yield.  I'll periodically provide updates on my investment portfolio and its performance, separately to the regular month-end reviews.

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