Geoff Miller, chief executive of GLI Finance, explains how and why he is reshaping a portfolio that has delivered exceptional returns.
Over the past three years GLI Finance has generated a total return of 106%, with approximately half coming from share-price appreciation and half from dividends. The FTSE All Share has returned 31% through the same period.
However, GLI Finance is now seeking to change what has been a winning strategy by spinning off its loan book. Miller tells Wealth Manager why 'it is time to move on from a passive loan strategy', and insists that the fund's yield of around 10% can be maintained through the new portfolio.