Beaufort Investment to merge income portfolios due to overlap

It is hoped that the merger, which is set to launch for 1 July, will offer investors "the best of both worlds" with regard to size and regularity of dividends, according to Beaufort CIO Shane Balkham. Among the funds allocated to for each portfolio are Artemis High Income, BMO Property Growth & Income, Fidelity Enhanced Income, Franklin UK Rising Dividends and Kames Property Income, according to their factsheets. Speaking to Investment Week, Balkham explained that while the merger will help the portfolios in terms of scale, the key reasoning behind the decision is the lack of "differe...