Seeking income? Try these four preference shares

With stock markets so volatile, preference shares are a great way to gain income and cut down on risk, says Phil Oakley. Here, he tips four top preference shares to buy now.

With the yields on government and highly-rated corporate bonds looking meagre, and stock markets hugely volatile, where can you get a half-decent return without taking on lots of risk?

The good news is that there's a way to get the best of both worlds: some of the protection of bonds with the juicier returns offered by high-yielding stocks.

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RSA 7 3/8%125105.51106.7%CNo
Aviva 8 3/8%1001121167.2%CNo
Co-op Bank 9 1/4%60119123.57.5%N-CNo
Northern Electric 8%1121251296.2%CNo

Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.