Milford Income Fund — July 2012
Portfolio Manager Jonathan Windust notes the Fund was up 0.4% this month, against negative returns for both the Fixed Interest market and New Zealand market. Jonathan also discusses the Australian companies contribution to the Income Fund performance.
The Milford Income Fund aims to generate above what investors could expect from a bank rate of return, as well as a capital growth component. The Fund achieves this by investment in a diversified portfolio of fixed interest and high dividend paying share holdings.