Taking the direct approach

Since altering its investment strategy, john cornes has seen his edinburgh monthly income portfolio go from strength to strength

Since a change to its mandate from a fund of funds to direct investment in shares and bonds, the £19.5m Edinburgh Monthly Income Portfolio has risen to occupy top rank in the UK equity and bond income sector to 6 February. In January this year, Edinburgh Fund Managers, which began investing directly in June 2000, saw the distribution rate of the unit trust increase from 0.24p per unit to 0.25p. John Cornes was made investment adviser to the fund when it relaunched and over one year to 6 February 2002, it is ranked first in the UK equity and bond income sector, returning 2.3%, on an offer...