If you take a positive view of the US economy under President Trump, then the North American Income Trust is a useful place to be.
This is managed by Aberdeen Asset Management and is designed to provide an above-average dividend income and long-term capital growth, investing in mainly American S&P 500 companies and paying a quarterly dividend. The yield from the fund has tended to be above 3 per cent, but recent outperformance means it has fallen to about 2.9 per cent.
The fund concentrates on US stocks with a decent income, eschewing high-tech ones that do not pay dividends. It is overweight on banks such as BB&T, a North Carolina-based lender little-known here, and on Citigroup and Bank of America Merrill Lynch, which largely