Motley Fool: And For My Next Trick…

I’m repeating the sleight of hand made with the first purchase for my fourth high yield portfolio, BP, in that I’m jumping out of the descending yield list of FTSE100 shares to pick for my third choice F&C Asset Management (LSE: FCAM), a member of the FTSE250. My reason is similar to the BP selection, namely that I think FCAM shares have been pushed down rather a lot in the last few days for no particular reason I can see other than poor sentiment and I am taking advantage of that because it increases the yield. It wasn’t going to be my third choice, a more obvious share was earmarked to fill the slot, but I couldn’t resist the slide in FCAM.