Overview
abrdn Equity Income Trust (formerly Aberdeen Standard Equity Income Trust : ASEI and before that Standard Life Equity Income : SLET) aims to achieve above average income from equity investment, with the aim of growing the dividend at least in line with the Retail Price Index while also achieving capital growth. abrdn Equity Income Trust aims to invest in a diversified portfolio consisting mainly of quoted UK equities which will normally comprise between 50 and 70 individual equity holdings. In order to reduce risk in the company without compromising flexibility:
- no holding within the portfolio should exceed 10% of total assets at the time of acquisition; and
- the top ten holdings within the portfolio will not exceed 50% of net assets.
The company may invest in convertible preference shares, convertible loan stocks, gilts and corporate bonds.
You can access the company’s website here
You can view our interviews with the company’s Fund Managers below:
4th March 2022: Thomas Moore – Weekly Show
Fundamentals
Price
Research History
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30 Nov 2024 1 min read
QuotedData’s Weekly News Show Special: Investing for income
On Friday’s show, James Carthew covered the week’s top stories and hosted a panel discussion between Thomas Moore from abrdn Equity Income, David Moss from CT UK High Income Trust and Ben Green from Supermarket Income REIT. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s […]
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24 Jun 2024 1 min read
QuotedData’s Weekly News Show Special: Big Discounts
On Friday’s show, James Carthew covered this week’s top stories and hosted a panel discussion between Nick Greenwood from MIGO Opportunities, Peter Hewitt from Columbia Threadneedle and Ben Ritchie from abrdn. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. Additionally, if you would prefer […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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9 min read
QuotedData’s Investment Companies Roundup – January 2023
December 2022 Monthly roundup | Investment companies Winners and losers in December 2022 The Financials sector only has two constituents, one of these – Trian Investors 1 – has seen its discount narrow since it promised to return cash to investors by next June, and it has also benefited from underlying NAV appreciation. Last month’s […]
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04 Mar 2022 1 min read
Interview with Thomas Moore of Aberdeen Standard Equity Income
In this week’s show, James Carthew talked to Thomas Moore of Aberdeen Standard Equity Income. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us. Additionally, if you would […]
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25 Feb 2021 2 min read
QuotedData’s Round the World Webinar series – UK day playback
On 24th February 2021, QuotedData hosted the final Round the World webinar from our series. This webinar was focused on the UK and included presentations and Q&As from 4 investment companies’ managers, covering markets across the UK. We would like to thank all of our speakers and attendees for joining us. Click on the links below […]
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07 Jul 2020 7 min read
QuotedData’s Investment Companies Roundup – July 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over June: CQS New City High Yield – […]
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08 Jun 2020 7 min read
QuotedData’s Investment Companies Roundup – June 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over May: GCP Infrastructure – […]
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06 Dec 2019 5 min read
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Oct 2019 5 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
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11 Sep 2019 3 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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07 Jun 2019 5 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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19 Dec 2018 1 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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11 Jun 2018 2 min read
QuotedData’s Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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10 Jan 2018 1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Feb 2017 1 min read
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
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08 Nov 2016 1 min read
QuotedData investment companies roundup – November 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2
News
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28 Nov 2024 2 min read
abrdn Equity Income promises 25th year of dividend growth as fee cut boosts distributable revenue
Over the 12 months ended 30 September 2024, abrdn Equty Income Trust generated an NAV total return of 13.3% and a share price return of 10.4%. The NAV return was only just behind the 13.4% return posted by the All-Share Index, but the discount widened from 0.2% to 3.0%. Revenue per share for the period […]
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14 May 2024 1 min read
QuotedData’s morning briefing 14 May 2024 – AEI, BSIF, AEET, AEWU
In QuotedData’s morning briefing 14 May 2024: abrdn Equity Income Trust (AEI) announced its interim results for the six months to 31 March 2024. During the period, the company delivered a NAV total return of 1.6% compared to the total return of the FTSE All-Share Index of 6.9%. The share price total return was -8.2%. […]
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30 Nov 2023 3 min read
Narrowing discount boosts abrdn Equity Income
In NAV terms, the 12 months ended 30 September 2023 were not great for abrdn Equity Income, which generated a return of 1.8%, lagging its All-Share Index benchmark by 12 percentage points. However, a narrowing discount rescued the situation somewhat, leaving shareholders with a return of 11.4% for the period. The chair’s statement notes that […]
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09 Nov 2023 2 min read
QuotedData’s morning briefing 9 November 2023 – MUT, JZCP, HOT, DGN, AEI, HOME, RGL, SHED
In QuotedData’s morning briefing 9 November 2023: Murray Income says it will pay three interim dividends of 9.5p in December, March 2024 and June 2024. Up from 8.25p for the previous financial year. The directors are trying to rebalance the trust’s quarterly dividends in order to accelerate payments to shareholders. As a result, the board […]
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01 Aug 2023 2 min read
QuotedData’s morning briefing 1 August 2023
Third Point (TPOU) published an investor letter for Q2 with the company returning 1.1% in the flagship Offshore Fund during the second quarter of 2023, compared with the S&P 500 Index return of 8.7% and the MSCI World Index return of 7.0% in the same period. The top five positive contributors for the quarter were […]
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16 May 2023 1 min read
QuotedData’s morning briefing 16 May 2023
In QuotedData’s morning briefing 16 May 2023: Apax Global Alpha (APAX) announced that it has signed a definitive agreement to acquire a significant minority stake in IBS Software through the Apax XI Fund in which APAX is a limited partner. IBS is a leading provider of modern software solutions to the global travel and logistics industry. […]
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01 Dec 2022 2 min read
Dividend hike means abrdn Equity Income tops yield chart
Over the 12 months to 30 September 2022, abrdn equity Income says its NAV total return was -7.6% and the share price total return was -7.8%. By contrast, the All-Share Index delivered a total return of -4.0%. The dividend has been increased from 21.1p to 22.7p and this was more than covered by earnings of […]
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09 Sep 2022 3 min read
QD view – Here comes the rain again
It is not that long ago that COVID-19 posed a significant threat to UK equity income funds, as a swathe of companies – notably the banks – cut or passed their dividends altogether. However, investment companies, with their ability to salt away revenue reserves in the good times, were generally much better able to withstand […]
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07 Apr 2022 2 min read
QuotedData’s morning briefing 7 April 2022
In QuotedData’s morning briefing 7 April 2022: Augmentum Fintech (AUGM) is getting a boost from a series C financing round for Grover (a Berlin-based consumer tech platform). Grover has raised $330m in equity and debt. Augmentum will write up the value of its stake by £24.1m (more than double – Augmentum first invested in Grover […]
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10 Dec 2021 2 min read
Top quartile performance from Aberdeen Standard Equity Income
Aberdeen Standard Equity Income (ASEI) has published its annual results for the year ended 30 September 2021, which its chairman, Mark White, says puts it among the top quartile of investment trusts in the UK Equity Income peer group for the financial year. During the period, ASEI provided an NAV total return of 39.8% and […]
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29 Jun 2021 2 min read
QuotedData’s morning briefing 29 June 2021
In QuotedData’s morning briefing 29 June 2021: Civitas Social Housing (CSH) has acquired three supported living properties and exchanged on one further property for a total consideration of £2.5m. All properties are based in the East of England and are self-contained single occupancy properties which have been specially adapted for adults with learning disabilities and mental health care […]
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26 Nov 2020 3 min read
Aberdeen Standard Equity Income hit hard by COVID
Aberdeen Standard Equity Income hit hard by COVID – Aberdeen Standard Equity Income reports an NAV return of -25.7% for the year ended 30 September 2020 and a share price return of -29.4%. These compare to a return on the All-Share of -16.6%. Revenue per share fell from 21.7p to 15.6p (dividends distributed by companies in […]
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19 May 2020 1 min read
QuotedData’s morning briefing 19 May 2020
In QuotedData’s morning briefing 19 May 2020 The Renewables Infrastructure Group is planning a fundraise through an issue of shares at 120p (a 5.8% discount to the share price and a 4.3% premium to NAV – more if you adjust for the 5p per share hit from power price falls discussed on 22 April). As usual, […]
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21 Nov 2018 2 min read
Aberdeen Standard Equity Income Trust just missed the benchmark for the year
Aberdeen Standard Equity Income Trust just missed the benchmark for the year- Aberdeen Standard Equity Income Trust (ASEI) says its net asset value return was 5.5% which just missed the benchmark which was 5.9%. Earnings per share were 22.06p which is up 14.7% compared to last year’s figure of 19.23p. Dividends for the first three […]
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05 Dec 2017 2 min read
Standard Life Equity Income boosted by asset manager stakes
Standard Life Equity Income boosted by asset manager stakes – Standard Life Equity Income has published results for the year to 30 September 2017. The Net Asset Value total return for the year was 14.7%, which compares with 11.9% from the All-Share Index. The discount narrowed slightly from 4.4% to 4.0%. This resulted in a share price […]
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18 Sep 2017 2 min read
Discount narrowing boosts New Star’s returns
Discount narrowing boosts New Star’s returns – New Star investment Trust’s total return was 17.9% over the year to 30th June 2017. The discount narrowed from 39.5% to 29.0% and this helped push the share price up by 38.2%. By comparison, the Investment Association’s Mixed Investment 40-85% Shares index gained 16.5%. The MSCI AC World Total […]
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16 Nov 2016 2 min read
An “annus horribilis” for Standard Life Equity Income
Standard Life Equity Income says that, taken in isolation, its headline numbers for the year to 30 September 2016 do not make pleasant reading. The Net Asset Value Total Return for the year was 0.9%. By contrast, the FTSE All-Share Index returned 16.8%. Unsurprisingly, the share price has suffered over the last twelve months. The discount widened […]
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26 May 2016 2 min read
Standard Life Equity Income light on resources and defensives
Standard Life Equity Income says, in the six months to 31 March 2016 its diluted net asset value total return was 0.7%. This compares with the benchmark total return of 3.5%. The discount on SLET’s shares widened slightly from 0.4% six months ago to 1.6% at 31 March, producing a decline of 0.7% in the share price total […]
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12 Nov 2015 2 min read
Good stock selection delivers for Standard Life Equity Income
Standard Life Equity Income has announced results for the year ended 30 September 2015. Over that period, the fund’s total return on net assets was an impressive 14.1% as compared to a -2.3% return on the FTSE All-Share Index. The Chairman believes that good stock selection and being prepared to hold a portfolio which is […]
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14 May 2015 2 min read
Standard Life Equity Income reports on strong first half
Standard Life Equity Income Trust is publishing its half year results for the six months ended 31 March 2015. The total return on net assets came in well ahead of the return in the benchmark (FTSE All-Share Index) at 12.8% vs. 5.3%. The share price return though was 5.7% – still ahead of the benchmark […]
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17 Nov 2014 1 min read
Decent returns from Standard Life Equity Income
SLET : Decent returns from Standard Life Equity Income Over the year to the end of September 2014 Standard Life Equity Income managed to beat its benchmark index delivering a total return on net assets of 6.9% and a return to shareholders of 6.3% vs. a 6.1% return on the FTSE All-Share Index. The dividend […]
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19 May 2014 1 min read
Standard Life Equity Income : SLET – interim results
Standard Life Equity Income, managed by Thomas Moore (pictured), has released its interim results covering the six months ended 31 March 2014. The fund did well over that period as the net asset value total return of 11.1% was well ahead of the 4.8% return on the benchmark, the FTSE All Share Index. The return to […]
Upcoming Events
Videos
In The Press
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02 May 2024 2 min read
Are the highest-yielding equity trusts a sound investment?
By Emma Wallis, News editor, Trustnet, 01 May 2024: Income-seeking investors can find rich pickings amongst the investment trust sector, with many trusts offering yields above government bonds plus the prospect of capital gains and an extra kicker if discounts narrow. Wealth manager Stifel found that 32 trusts investing primarily in equities have a yield […]
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04 Jan 2024 1 min read
How do last year’s investment trust mergers stack up?
by Dave Baxter, Investors’ Chronicle, January 3, 2024: Even the last working day before Christmas was far from short of investment trust news. The board of Octopus Renewables Infrastructure (ORIT) announced an intention to merge with its peer Aquila European Renewables (AERI) on the morning of 22 December… The plan has received a lukewarm response […]
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22 Jun 2023 2 min read
Home Truths
James Carthew for Portfolio Adviser, 21 June 2023: For many years, there was a tendency among UK-based investment managers and financial advisers to overweight domestic stocks within client portfolios. As a result, we saw a proliferation of investment companies with a narrow focus on UK-listed businesses. Today, 54 investment companies have a listed UK equity […]
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27 Feb 2023 1 min read
Put your trust in dividends and you can beat those savings rates
David Brenchley, February 26 2023, The Sunday Times: With the best one-year fixed savings account now paying 4.31 per cent, riskier investments such as stocks and shares may seem less attractive than they have been for a long time. If you can get a high interest rate on your money, why take more risk in […]
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21 Oct 2022 1 min read
Is it still worth investing in income funds? Experts pick the best
By ANGHARAD CARRICK FOR THIS IS MONEY, 21 October 2022: After years of rock-bottom rates, saving has become tempting again as banks hike their rates to the highest levels seen in more than a decade… With more than 4 per cent interest on offer from the best one year fixed rate savings accounts, savers may […]
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22 Feb 2022 1 min read
Fund and trust ideas to income-boost portfolios to beat inflation
Cherry Reynard from interactive investor 15th February 2022: Four types of funds yield 5% plus. Cherry Reynard runs through the options, risks and potential rewards… In general, there are four types of investment that generate a yield in excess of 5%. The first are conventional equity income strategies… The second type of high-income fund operates at […]
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26 Jul 2021 1 min read
Find out how to cash in on the hybrid work revolution
Freedom Day has come and gone, yet many have not left their home offices By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 24 July 2021 Freedom Day has come and gone, yet many of the nation’s workers have not left their home offices. The Government is no longer instructing us to work from home if we can, […]
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23 Jul 2020 1 min read
Can investment trusts survive the UK dividend drought?
Can investment trusts survive the UK dividend drought? By Dave Baxter UK dividends have evaporated in the past few months, with no imminent recovery in sight. Link Asset Services predicts that UK dividends could fall by between 45 and 49 per cent on a headline basis in 2020 versus the previous year’s total, based on its best- and worst-case scenarios… […]
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28 Jan 2020 1 min read
Investment Trust sackings deliver mixed results
Investment Trust sackings deliver mixed results By Kyle Caldwell, Money Observer’s quarterly trust magazine Kyle Caldwell analyses whether investment trust sackings stretching back over the past 15 years have resulted in improved performance for shareholders James Carthew is quoted in an article looking at changes in investment trust manager (including mergers) which have been on […]
