John Barron's Portfolios

[Dod101]

I am reading the current IC and it of course contains the usual Comment on John Barron's IT Portfolios.
I have puzzled for some time as to why he includes Scottish Mortgage in his Income portfolio. It seems to be quite deliberate because it is mentioned again today. It is certainly not by any stretch an income trust. Does anyone who follows this more closely than I do know why that is?

Dod

[BrummieDave]

I have noted that it's been there for a while now but never used to be. It's puzzled me too.

[StOmer]

Unfortunately IC only carries the Summer & Autumn portfolios from the JB range, SMT is also held in the Overseas Portfolio. When adding SMT to the Autumn portfolio, JB wrote that SMT's long term record and investment approach / management, encouraged support from portfolios that could afford to accommodate the low yield.

[Dod101]

For any newbie relying on say a well known figure like John Barron it is very misleading because it is not and never has been an income fund of any sort. In fact they generate so little income that this year for the first time they are distributing some of the dividend via realised capital gains.

I wonder who I could email? Maybe the Ed at the IC

Dod

[OLTB]

It confused me as well - I use JB's recommendations for the IT part of my SIPP and am in the growth or 'Summer' portfolio. I could see SMT as part of that (the growth portfolio), but am a little confused as to why it's in the income portfolio as it's yield is so low.

Cheers, OLTB.

[StOmer]

I once contacted him via the message facility at IC on the article page. He kindly replied a few days later.