Overview
Troy Income & Growth’s principal objective is to provide shareholders with an attractive income yield and the prospect of income and capital growth through investing in a portfolio of predominantly UK equities. Equities are selected for their inclusion within the portfolio solely on the basis of the strength of the investment case with the focus being on long term income growth along with capital preservation. The manager aims to generate absolute returns for investors over the longer term, seeking to preserve and build investors’ wealth by constructing conservative portfolios for the long term which demonstrate lower than average volatility.
You can access the trust’s website here
You can view our interviews with the company’s Fund Managers below:
25th March 2022: Blake Hutchins – Weekly Show
Research History
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07 Dec 2022 64 min read
QuotedData’s Economic and Political Monthly Roundup December 2022
Economic and Political Monthly Roundup Investment companies | Monthly | December 2022 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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25 Mar 2022 1 min read
Interview with Blake Hutchins of Troy Income & Growth
In this week’s show, James Carthew talked to Blake Hutchins of Troy Income & Growth. 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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16 Apr 2021 1 min read
Interview with Hugo Ure from Troy Income & Growth Trust
In this week’s show, James Carthew talked to Hugo Ure from Troy Income & Growth Trust. Watch it again here If you were looking for QuotedData’s roundup of the week’s news, this is now in the news section – just click here. If there is a guest speaker you’d particularly like to hear from, please email us […]
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12 Nov 2020 7 min read
QuotedData’s Investment Companies Roundup – November 2020
Investment Companies Monthly 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 Events Guide Legal New research Here is a list of research we published over October: Herald Investment Trust – Hot chips “Reflecting its focus on technology, […]
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08 Jun 2020 8 min read
QuotedData’s Economic Roundup – June 2020
Economic & Political Roundup Kindly sponsored by 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 to buy or sell […]
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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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08 May 2019 4 min read
QuotedData’s economic roundup – May 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 May 2018 1 min read
QuotedData’s Economic round up – May 2018
QuotedData’s economic round up – May 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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18 Apr 2018 1 min read
QuotedData’s Economic round up – April 2018
QuotedData’s economic round up – April 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 […]
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11 Dec 2017 1 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – 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 Jun 2017 1 min read
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – 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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07 Dec 2016 1 min read
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
News
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14 Mar 2024 1 min read
QuotedData’s morning briefing 14 March 2024 – FCSS, ACIC, TIGT, STS, PHI
In QuotedData’s morning briefing 14 March 2024: Fidelity China (FCSS) is expanding by £126.6m as it issues 59m shares to abrdn China shareholders in connection with the merger of the two companies. Each abrdn China (ACIC) share rolling into Fidelity China will be exchanged for 2.06481 Fidelity China shares (although each shareholder’s total position will […]
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01 Dec 2023 1 min read
QuotedData’s weekly news update 1st December
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: abrdn China and Fidelity China Special Solutions (1:08) Troy Income and Growth and STS Global Income and Growth (4:33) Vietnam Holding (8:16) Digital 9 Infrastructure […]
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3 min read
QD view – a sector in turmoil
Another week, another bout of corporate activity. Subject to shareholder approval, abrdn China is to be absorbed by Fidelity China Special Situations, and Troy Income and Growth will merge with STS Global Income and Growth. In addition, abrdn European Logistics Income announced a strategic review, Downing Renewables and Infrastructure Trust said that it would consider […]
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28 Nov 2023 2 min read
Proposed combination of Troy income and STS Global Income & Growth Trust
As noted on November 3, Troy Income (TIGT) has announced that terms have been agreed for a proposed combination of TIGT with the STS Global Income & Growth Trust (STS). Following implementation of the proposals, the enlarged STS will continue to be managed, on the same basis as currently, by Troy Asset Management Limited with James […]
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03 Nov 2023 1 min read
Troy Income & Growth suspends DCM with merger on the cards
Troy Income & Growth (TIGT) has announced that it is now very close to (i) fully utilising its existing authority to repurchase shares; and (ii) depleting its distributable reserves, which are required to effect buybacks under its discount control mechanism (DCM). It has also said that its board is currently exploring possible options for a […]
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17 Nov 2022 2 min read
Troy Income and Growth fails to cover meagre dividend
Troy Income and Growth has published results for the 12 months ended 30 September 2022. The trust delivered a NAV total return of -9.9% and share price total return of -10.2%. Both lagged the All-Share Index which produced a total return of -4.0%. The dividend for the year totalled 1.97p, representing a yield of 2.9% […]
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16 Jun 2022 2 min read
QuotedData’s morning briefing 16 June 2022
In QuotedData’s morning briefing 16 June 2022: The US central bank, the Federal Reserve has raised its base rate by 75 basis points (0.75%) to a target range of 1.50-1.75% and indicated that it would raise rates by between 0.5% and 0.75% at its next meeting, as it struggles to combat inflation. NB Global Monthly […]
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20 Jan 2022 1 min read
QuotedData’s morning briefing 20 January 2022
In QuotedData’s morning briefing 20 January 2022: Fondul Proprietatea (FP.) has sold 2,275,000,000 shares that it held in the Romanian energy business, OMV Petrom. The deal was done using an accelerated bookbuild offering at RON0.43 /share. The gross proceeds were RON978,250,000 (£164.8m) and will be used to fund the buyback programme and the payment of […]
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19 Nov 2021 1 min read
QuotedData’s weekly news show 19th November 2021
QuotedData’s weekly news show 19th November 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: Troy Income & Growth AtratoOnsite Energy Fundraising This week’s interview was with Iain McCombie from Baillie Gifford UK […]
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16 Nov 2021 2 min read
Troy struggles as UK economy recovers
Troy struggles as UK economy recovers – Troy Income & Growth failed to match its benchmark over the 12 months ended 30 September 2021. The trust produced a return of 10.2% in NAV terms and 9.6% in share price terms. This compares to 27.6% for the All-Share Index. This has dragged down the fund’s long-term […]
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26 Feb 2021 1 min read
QuotedData’s weekly news show 26 February 2021
QuotedData’s weekly news show 19 February 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Law Debenture’s results Troy Income & Growth change of manager BlackRock Frontier Markets shrinking Richard Williams also covered: […]
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25 Feb 2021 1 min read
Troy’s Francis Brooke secures promotion
Troy’s Francis Brooke secures promotion – Francis Brooke, who has managed the £3.3bn Trojan Income Fund since its launch in October 2004 and the £241m Troy Income & Growth Trust since 2009, will be relinquishing his fund management responsibilities on 31st December 2021 and taking up a new role as executive vice-chairman of Troy Asset Management […]
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24 Nov 2020 2 min read
Troy Income confirms dividend cut
Troy Income confirms dividend cut – Troy Income & Growth Trust says that for the year to 30 September 2020 its NAV return was -9.1% and its share price return -11.6%. At the start of the period the shares were standing at a premium to NAV of +1.1%. A year later the share price had moved to a […]
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30 Oct 2020 2 min read
QuotedData’s morning briefing 30 October 2020
In QuotedData’s morning briefing 30 October 2020 – Augmentum Fintech (AUGM) successfully completed its placing and retail offer, with demand exceeding the issue size. Admission of the new shares to the LSE is expected on 3 November 2020. Tim Levene, CEO of AUGM’s manager, commented: “The success of this fundraise reflects the growing shift in the move […]
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11 May 2020 2 min read
QuotedData’s morning briefing 11 May 2020
Lockdowns are beginning to ease across Europe. Along with this, news over the weekend that China would lower real lending rates, has pushed stocks higher this morning. In a quarterly update to 31 March, private equity sector company, HgCapital Trust (HGT), delivered a total NAV return of (6.2%). In it’s outlook statement, HGT noted: “We […]
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09 Apr 2020 2 min read
Where next for Perpetual Income shareholders?
One of the bigger news stories of the week in investment companies was Perpetual Income & Growth’s decision to remove Mark Barnett as manager and invite offers for the management contract. Interested parties have until 5pm on 17 April to throw their hat into the ring. One of the more bizarre reactions to this was […]
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21 Jan 2020 1 min read
QuotedData’s other news 21 January 2020
In QuotedData’s other news 21 January 2020: Troy Income & Growth reports that 25.4m shares were voted against one of the resolutions proposed at its AGM. The resolution still passed as 80m shares were voted in favour. The resolution was one that allows TIGT to issue shares without first offering them to existing shareholders. As TIGT […]
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25 Nov 2019 2 min read
QuotedData’s other news 25 November 2019
In QuotedData’s other news 25 November 2019 – Templeton Emerging Markets (TEM) reported half-year results to 30 September 2019 with NAV and the shares increasing by +6.3% +4.4% in total return terms, respectively. This compared with +2.2% from the MSCI Emerging Markets Index. Chairman, Paul Manduca, noted: “Given the current political background, equity markets are likely […]
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19 Nov 2019 1 min read
QuotedData’s other news 19 November 2019
In QuotedData’s other news 19 November 2019 Amedeo Air Four says that Emirates will take two of its A380s out of service for a while to allow it to install new premium economy cabins. This won’t affect Amedeo Air Four’s income but it thinks it might help when it comes to selling the planes at the […]
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23 Oct 2019 1 min read
Troy to absorb Cameron
Troy to absorb Cameron – Troy Income & Growth Trust has reached agreement, in principle, on the terms of a merger with Cameron Investors Trust. This would be effected by way of a scheme of reconstruction of Cameron under section 110 of the Insolvency Act 1986, which will result in the voluntary liquidation of Cameron and […]
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23 Jan 2019 1 min read
Fee cut at Troy Income and Growth
Fee cut at Troy Income and Growth – The board of Troy Income & Growth Trust has announced a reduction in the annual management fee payable to Troy Asset Management Limited, the fund’s investment manager. With effect from 1 January 2019, the company has moved to a flat annual management fee of 0.65% of net assets. […]
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26 Nov 2018 2 min read
Troy Income and Growth lags benchmark
Troy Income and Growth lags benchmark – Troy Income and Growth reports an NAV total return of +4.3% and a share price total return of +4.5% for the year ended 30 September 2016, lagging the All-Share Index, which returned +5.9%. Dividends for the year totalled 2.665p, a 4.1% increase on the prior year. The company shrank a […]
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27 Nov 2017 1 min read
Troy’s defensive stance leads to underperformance this year
Troy’s defensive stance leads to underperformance this year – For the year ended 30 September 2017, Troy Income & Growth returned +5.9% in NAV terms and a share price total return of +4.0%; the All-Share Index returned +11.9% for the period. The aggregate dividends for the year totalled 2.56p and represented an increase of 5.6% over […]
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13 Apr 2017 1 min read
Troy gets £20m bank loan facility
The Board of Troy Income & Growth Trust says the company has entered into a two year unsecured floating rate revolving credit facility, for GBP20 million, with ING Luxembourg S.A. The facility bears interest at 0.90 per cent over LIBOR and is for the acquisition of investments in accordance with the Company’s investment policy and […]
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28 Nov 2016 2 min read
Troy Income & Growth benefits from consumer staples exposure
Troy Income & Growth delivered a total return on net assets of 14.7% and a share price total return of 14.8% for the year ended 30 September 2016. By contrast, the return on the UK market was 16.8%. The fourth interim dividend of 0.625p represented a 4.2% increase on the dividend of 0.6p paid each […]
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04 May 2016 1 min read
Troy Income & Growth beats All-Share
Troy Income & Growth reports that, for the six months ended 31 March 2016, it delivered a net asset value total return of +6.2%. The share price total return of +6.7% reflected a small increase in the premium to NAV, while the FTSE All-Share Index produced a total return of +3.5% over the same period. […]
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26 Nov 2015 2 min read
Troy Income and Growth benefits from cyclical underweights
Troy Income and Growth Trust has announced its annual results for the year ended 30 September 2015. During the period, the company provided an NAV total return of 11.2% and a share price total return of +11.7%. Both of these are noticeably ahead of the total return performance of the FTSE All-Share Index of -2.3%. […]
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05 May 2015 1 min read
Troy Income and Growth’s ongoing charges are falling
Troy Income & Growth has published interim results for the six months ended 31 March 2015. This was a good period for the fund which returned 10.3% on net assets – almost twice the 5.3% return posted by the FTSE All-Share Index. Shareholders did even better as the fund moved to trade on a higher […]
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26 Nov 2014 1 min read
Defensive stocks help Troy Income & Growth outperform
TIGT : Defensive stocks help Troy Income & Growth outperform Over the year that ended on 30 September 2014 Troy Income & Growth generated a total return on net assets of 10.1%, well ahead of the 6.1% returned by the FTSE All-Share Index. The fund’s rating barely changed on the year and so the return […]
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07 May 2014 1 min read
Troy Income & Growth : TIGT – interim results
Troy Income & Growth has released its results covering the six months ended 31 March 2014. Over this period the net asset value total return was 7.6% – ahead of the 4.8% return on the FTSE All-Share Index. the return to shareholders was 7.7%. The run rate of the quarterly dividends was upped to 0.55p […]
Upcoming Events
Videos
In The Press
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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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03 Jan 2024 1 min read
Are investment trust discounts getting out of hand?
by Jennifer Hill from interactive investor, 28th December 2023: Risk-off sentiment has pushed investment trust discounts to historically wide levels and many boards have been proactively trying to address the issue. This year will be a record for share buybacks with almost £3.5 billion of investment trust share buybacks in the first 11 months, data […]
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15 Nov 2021 2 min read
Investment trusts rediscover their roots with a 21st century twist
The listed fund vehicles are financing innovation in clean fuels, space and digital infrastructure Mary McDougall, Financial Times, NOVEMBER 12 2021 Investment trusts seem to be coming full circle. For most of the 20th century, they gradually moved away from their origins as entrepreneurial schemes investing in specific targets, often in Britain’s colonies, to running […]
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31 Mar 2021 2 min read
Investment trusts in focus
Roundtable: Investment trusts in focus Citywire Wealth Manager, 30 March 2021 Gavin Lumsden: How did last year’s intense volatility impact investment trusts versus open-ended funds? Ewan Lovett-Turner: It certainly was a tumultuous year and that was reflected in performance versus the open-ended fund world. It really does depend on what time period you look at though. […]
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18 Jan 2021 1 min read
Big investment trust themes to watch in 2021
Big investment trust themes to watch in 2021 by Faith Glasgow from interactive investor | 11th January 2021 12:22 We highlight the trends and themes for investment trust fans to keep an eye on over the next year… Board activity One of the most significant themes of 2020 has been the run of manager changes, closures and consolidations in the […]
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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 […]
