Overview
North American Income Trust is an investment trust investing for above-average dividend income and long term capital growth, mainly from a concentrated portfolio of US equities.
It tries to provide investors with above average dividend income and long term capital growth through active management of a portfolio consisting predominantly of S&P 500 US equities. Dividends are paid quarterly.
We have written a number of notes that explain how the fund works:
- “The port in the storm“, published on 28 November 2023
- “As headwind turns tailwind“, published on 10 February 2023
- “Next generation dividend hero“, published on 8 August 2022
- “Healthy dividend increases“, published on 3 December 2021
- “Well positioned as rotation gathers pace“, published 11 March 2021
- “Purest access to US equity income“, published in June 2020
- “Macro driven market is creating opportunities“, published In November 2019
- “Time to grow?”, published in May 2019, looks at NAIT’s attractive dividend and capital growth with a portfolio that should prove to be resilient in the event of a slowdown
- “Reason to be cheerful”, published in October 2018, notes how NAIT is remaining ahead of value based indices during a time where investors are mainly focused on growth stocks
You can access the company’s website here
Fundamentals
Price
Research History
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28 Nov 2023 21 min read
North American Income Trust – The port in the storm
North American Income Trust Investment companies | Update | 28 November 2023 The port in the storm America is still showing signs of the ‘exceptionalism’ it covets, by being in better economic health than its developed peers, yet it is not all plain sailing for US equity investors, as Fran Radano, the manager of North […]
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22 min read
North American Income Trust – The port in the storm
North American Income Trust Investment companies | Annual overview | 28 November 2023 The port in the storm America is still showing signs of the ‘exceptionalism’ it covets, by being in better economic health than its developed peers, as is evidenced by its stronger gross domestic product (GDP) growth and better controlled inflation. Yet it […]
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22 min read
North American Income Trust – The port in the storm
North American Income Trust Investment companies | Annual overview | 28 November 2023 The port in the storm America may still be in better economic health than its developed peers, yet Fran Radano, the manager of North American Income Trust (NAIT), says that it is not all plain sailing for US equity investors. He believes […]
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10 Feb 2023 20 min read
North American Income Trust – As headwind turns tailwind
North American Income Trust Investment companies | Annual overview | 10 February 2023 As headwind turns tailwind North American Income Trust (NAIT) adopted its income strategy in May 2012 and, for most of the nearly 11 years that this has been in place, it appears that there has been a headwind to value investing in […]
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20 min read
North American Income Trust – As headwind turns tailwind
North American Income Trust Investment companies | Annual overview | 10 February 2023 As headwind turns tailwind North American Income Trust (NAIT) adopted its income strategy in May 2012 and, for most of the nearly 11 years that this has been in place, there has been a headwind to value investing in the form of […]
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20 min read
North American Income Trust – As headwind turns tailwind
North American Income Trust Investment companies | Annual overview | 10 February 2023 As headwind turns tailwind North American Income Trust (NAIT) adopted its income strategy in May 2012 and, for most of the nearly 11 years that this has been in place, there has been a headwind to value investing in the form of […]
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03 Nov 2022 8 min read
QuotedData’s Investment Companies Roundup – November 2022
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn November 2022 Monthly | Investment companies Winners and losers in October 2022 Many equity markets recovered some of the ground lost in September. The swift departure of Liz Truss and her unfunded tax cuts helped the UK stock market and sterling. North America […]
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13 Oct 2022 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2022
Third quarter of 2022 Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Piling on the misery In the face of rising inflation, exacerbated by the war in Ukraine, central bankers have condemned for their relative inaction. However, in the third quarter of 2022, they stepped up a gear. Last month’s economic and political roundup […]
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06 Oct 2022 111 min read
QuotedData’s Economic and Political Monthly Roundup October 2022
Economic and Political Monthly Roundup Investment companies | Monthly | October 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 […]
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08 Aug 2022 20 min read
North American Income Trust – Next generation dividend hero
Next generation dividend hero After a few difficult years, the North American Income Trust (NAIT) has plenty to feel good about in 2022, according to its manager, Fran Radano. It has enjoyed a turnaround in relative performance as its value style of investing has come back in favour. Investors seem to have been rotating away […]
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21 min read
North American Income Trust – Next generation dividend hero
Next generation dividend hero After a few difficult years, the North American Income Trust (NAIT) has plenty to feel good about in 2022. It has enjoyed a turnaround in performance as its value style of investing has come back in favour. As we discuss on page 4, investors have been rotating away from growth stocks […]
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21 min read
North American Income Trust – Next generation dividend hero
Next generation dividend hero After a few difficult years, the North American Income Trust (NAIT) has plenty to feel good about in 2022. It has enjoyed a turnaround in performance as its value style of investing has come back in favour. Investors have been rotating away from growth stocks on the back of inflation fears. […]
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03 Dec 2021 12 min read
North American Income Trust – Healthy dividend increases
Healthy dividend increases Unlike its AIC North America peers, North American Income Trust (NAIT) combines an income focus with having at least 90% of its assets invested in the US. NAIT’s manager, Fran Radano, says that, after more than a year of uncertainty around dividends, things finally seem to be normalising, with some companies reportedly […]
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13 min read
North American Income Trust – Healthy dividend increases
Healthy dividend increases Unlike its AIC North America peers, North American Income Trust (NAIT) combines an income focus with having at least 90% of its assets invested in the US. After more than a year of uncertainty around dividends, things finally seem to be normalising, with some companies even increasing their dividends. Over the past […]
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13 min read
North American Income Trust – Healthy dividend increases
Healthy dividend increases Unlike its AIC North America peers, North American Income Trust (NAIT) combines an income focus with having at least 90% of its assets invested in the US. After more than a year of uncertainty around dividends, things finally seem to be normalising, with some companies even increasing their dividends. Over the past […]
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11 Mar 2021 16 min read
The North American Income Trust – Well-positioned as rotation gathers pace
Well-positioned as rotation gathers pace North American Income Trust (NAIT) stands apart amongst the AIC North America sector funds in combining an income focus with at least 90% of its assets invested in the US. NAIT’s manager, Fran Radano, notes that this should work in its favour, as there is arguably a good chance that […]
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17 min read
The North American Income Trust – Well-positioned as rotation gathers pace
Well-positioned as rotation gathers pace North American Income Trust (NAIT) stands apart amongst the AIC North America sector funds in combining an income focus with at least 90% of its portfolio invested in the US. NAIT’s manager, Fran Radano, believes that this should work in its favour, as there is a good chance that the […]
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17 min read
The North American Income Trust – Well-positioned as rotation gathers pace
Well-positioned as rotation gathers pace North American Income Trust (NAIT) stands apart amongst the AIC North America sector funds in combining an income focus with at least 90% of its assets invested in the US. NAIT’s manager, Fran Radano, believes that this should work in its favour, as there is a good chance that the […]
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11 Feb 2021 5 min read
QuotedData’s Round the World Webinar series – Americas day playback
On 10th February 2021, QuotedData hosted the second of four Round the World webinars. This webinar was focused on the Americas and included presentations and Q&As from 4 investment companies’ managers, covering markets across North and South America. We would like to thank all of our speakers and attendees for joining us. Click on the links […]
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20 Nov 2020 1 min read
Interview with Fran Radano of North American Income Trust
In this week’s show, James Carthew talked to Fran Radano, manager of North American Income Trust (NAIT) 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 […]
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09 Oct 2020 7 min read
QuotedData’s Economic Roundup – October 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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12 Jun 2020 12 min read
The North American Income Trust – Purest access to US equity income
Purest access to US equity US equity income-focused funds, like the North American Income Trust (NAIT), have not had to deal with the suspension of dividends in the way that their UK peers have. Though share buybacks have ceased, regulators in the US have not banned bank distributions in the way that they have elsewhere, […]
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12 min read
The North American Income Trust – Purest access to US equity income
Purest access to US equity income US equity income-focused funds, like the North American Income Trust (NAIT), have not had to contend with the suspension of dividends in the way that their UK counterparts have. Though share buybacks have ceased, regulators have not banned bank distributions in the way that they have elsewhere, while healthcare, […]
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07 May 2020 4 min read
QuotedData’s Economic Roundup – May 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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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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28 Nov 2019 21 min read
The North American Income Trust – Macro driven market is creating opportunities
Macro driven market is creating opportunities Fran Radano, the manager of North American Income Trust (NAIT), comments that the US market has been very macro-driven this year, frequently outweighing company fundamentals. Whilst it can be challenging to trade through such environments, increased market volatility creates opportunities for investors who are able to look through the […]
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21 min read
North American Income Trust – Macro driven market is creating opportunities
Macro driven market is creating opportunities Fran Radano, the manager of North American Income Trust (NAIT), comments that the US market has been very highly driven by macroeconomic sentiment this year, with the effects of this frequently outweighing company fundamentals. He notes that, whilst it can be challenging to trade through such environments, increased market […]
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07 Oct 2019 6 min read
QuotedData’s economic roundup – October 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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12 Jul 2019 6 min read
Quarterly investment companies roundup – Second quarter 2019
Quarterly investment companies roundup – Second quarter 2019 QuotedData news Global equities re-found momentum in June after a cautious April and May. How much longer this ten-year bull market can sustain itself continues to be the subject of much debate. The prospect of interest rate cuts in the US has re-invigorated sentiment for the time […]
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22 May 2019 8 min read
The North American Income Trust – Time to grow?
The North American Income Trust (NAIT) has been generating an attractive and increasing dividend (up 9% for the year ended 31 January 2019). It is also generating reasonable capital growth, despite an environment that has been favouring low-yielding, high-growth companies. The manager, Fran Radano, is not unduly concerned about the health of the US economy. […]
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8 min read
The North American Income Trust – Time to grow?
The North American Income Trust (NAIT) has been generating an attractive and increasing dividend (up 9% for the year ended 31 January 2019). It is also generating reasonable capital growth, despite an environment that has been favouring low-yielding, high-growth companies. The manager, Fran Radano, is not unduly concerned about the health of the US economy. […]
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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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25 Jan 2019 1 min read
QuotedData review of 2018 – Annual report investment companies
QuotedData review of 2018 – Annual report investment companies 2018 – the return of volatility A trade war, Brexit, US interest rate rises, slowing Chinese growth, a US government shutdown, a dispute over Italy’s budget, the Skripal poisonings, numerous elections – there was plenty to worry about in 2018. A last-minute dive left the US […]
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19 Dec 2018 1 min read
QuotedData’s investment companies roundup – December 2018
QuotedData’s investment companies roundup – December 2018 is 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 November 2018. Kindly sponsored by Baillie Gifford. Extract from ‘winners and losers’ The Californian wildfires took their toll on CatCo Reinsurance as it […]
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26 Oct 2018 1 min read
The North American Income Trust – Reasons to be cheerful
The North American Income Trust – Reasons to be cheerful Investors in the US may be preoccupied by a possible trade war with China and rising interest rates but the manager of North American Income Trust (NAIT) is relatively upbeat. He points out that the US economy is doing better than most other developed economies; […]
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1 min read
The North American Income Trust – Reasons to be cheerful
The North American Income Trust – Reasons to be cheerful Investors in the US may be preoccupied by a possible trade war with China and rising interest rates but the manager of North American Income Trust (NAIT) is relatively upbeat. He points out that the US economy is outpacing peers; markets have corrected and are […]
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12 Oct 2018 1 min read
QuotedData’s Economic round up – October 2018
QuotedData’s Economic round up – October 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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12 Oct 2017 1 min read
QuotedData’s economic round up – October 2017
QuotedData’s economic round up – October 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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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
News
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22 Nov 2024 3 min read
MAGA or TINA, the only way is up?
The problem with Trump’s use of the phrase “MAGA” – Make America Great Again – is that it implies America wasn’t already great. With its booming equity markets, robust economic growth, and strong fundamentals – such as energy independence, deep pools of domestic capital, and the inherent advantages of the US dollar’s reserve currency status […]
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04 Oct 2024 2 min read
QuotedData’s morning briefing 4 October 2024 – ROOF, SBO, TENT, NAS, NAIT
In QuotedData’s morning briefing 4 October 2024: Following Atrato Onsite Energy’s (ROOF’s) announcement yesterday that it has entered into a conditional agreement to sell its entire portfolio of solar assets (click here to see our coverage of that announcement), ROOF has published a circular and notice of general meeting at which it will seek the […]
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12 Jul 2024 4 min read
QD View – Spotlight on democracy
Around half of the world’s population, some 4 billion people, will have the opportunity to go to the polls for national elections in 2024. For many, it’s the first chance to have a say since the COVID-19 pandemic and comes at a time when disaffection among voters has reached record highs. The consequences of this […]
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10 May 2024 1 min read
QuotedData’s weekly news show 10th May 2024
Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Aquila European Renewables (0:12) • North American Income (4:51) • Ashoka WhiteOak Emerging / Asia Dragon (7:49) This week’s interview was with Richard Pindar from Literacy […]
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09 May 2024 2 min read
abrdn loses North American Income to Janus Henderson
In a surprise move, the board of The North American Income Trust says that it has agreed heads of terms to appoint Janus Henderson Fund Management UK Limited as its new AIFM and investment manager. This follows an extensive review of its existing management arrangements and engagement with a number of management groups. The board […]
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03 May 2024 3 min read
QD view – Higher for longer
The Federal Reserve’s (Fed’s) cautious stance on further interest rate cuts, as expressed in their statement about “a lack of further progress” on inflation, that was made on Wednesday, marked a shift in market expectations in recent weeks. At the start of 2024, investors had been optimistic about a strong year, anticipating a series of […]
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05 Apr 2024 6 min read
North American Income posts modest underperformance in uncertain year
North American Income Trust (NAIT) has published its annual results for the year ended 31 January 2024, a period in which US investors were focused on monetary policy developments, geopolitical tensions and the uncertainty surrounding the possibility of either a recession or a soft landing for the US economy. During the period, NAIT provided NAV […]
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01 Mar 2024 3 min read
QD view – Super Tuesday, how much does it really matter?
Super Tuesday is almost upon us, a pivotal moment in the political calendar of the United States, as it is the day in which the greatest number of US states hold their primary elections and caucuses. These votes will determine which candidates are put forward as presidential nominations from their respective parties and, given that […]
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13 Oct 2023 4 min read
QD view – Are cracks appearing in US markets?
US stock markets have continued to power ahead in 2023. If the environment has been fragile, they have been seen as a source of stability; if investors have been more optimistic, they have seen US companies as a source of growth. They have outpaced their peers even as inflation has rebounded, interest rates have leapt […]
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28 Apr 2023 4 min read
QD view – Finding courage in uncertain times
Fortune favours the brave, or so they say, and, as it turns out, so do the markets. One of the most important factors in investing is simply being first to bat, as by the time your turn comes, the game could be already over. Putting aside the metaphors, there is a distinct possibility that we […]
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05 Apr 2023 3 min read
Stock selection and USD returns boost North American Income Trust
North American Income Trust announced results for the year ended 31 January 2023. Over the year, NAV total return was 9.6%, outperforming the 8.5% total return in sterling terms for the Russell 1000 Value Index, the company’s primary reference index, while the share price total return was 12.4%. The discount at which the share price […]
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16 Dec 2022 5 min read
QD view – The inflation trade – an early Christmas present?
2022 has been a tough old year, with investors being visited by their own kind of Ghost of Christmas Past. One whose name is inflation, a long-forgotten spectre. 2022 has seen, for some countries, a truly parabolic growth rate of inflation. While pundits had predicted that the post-COVID rebound in activity would be a possible […]
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27 Sep 2022 1 min read
QuotedData’s morning briefing 27 September 2022
In QuotedData’s morning briefing 27 September 2022: North American Income Trust (NAIT) beat its benchmark over the six months ended 31 July 2022, returning 5.5% in NAV terms to the Russell 1000 Value Index’s 4.9%. The discount narrowed and that meant the return to shareholders was 8.6%. A dividend of 5p (up from 3.8p last […]
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22 Apr 2022 4 min read
QD view – Are you still watching?
It is no secret that the US is the biggest player in the technology space, with a market value of about $1.5trn compared to a global market value of around $5.2trn. The country is home to some of the biggest tech firms in the world and probably the next generation of them with almost 500,000 […]
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07 Apr 2022 2 min read
North American Income ups dividend despite lower option income
North American Income Trust reports an NAV total return per share of 25.7% for the 12 months ended 31 January 2022. It just failed to match the 26.3% total return for the Russell 1000 Value Index. The chairman says that this was attributable mainly to overall positioning in the technology sector and stock selection in […]
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28 Sep 2021 2 min read
QuotedData’s morning briefing 28 September 2021
In QuotedData’s morning briefing 28 September 2021: Over the six months ended 31 July 2021, North American Income Trust (NAIT) beat its benchmark by 2.2%, producing a return on NAV of 19.8% against 17.6% for the Russell 1000 Index. The statement says that “This was mainly attributable to the positioning in the technology sector, as […]
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13 Apr 2021 2 min read
North American Income Trust delivers healthy revenue despite COVID
North American Income Trust delivers healthy revenue despite COVID – North American Income Trust has published results for the year ended 31 January 2021. Over the period, the NAV total return was -5.7% and the return to shareholders -16.5%. This underperformed the -0.1% return in sterling terms from the Russell 1000 Value Index and the 12.6% […]
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01 Apr 2021 2 min read
QD view – Go West!
I moaned for ages that there weren’t enough trusts dedicated to North America, given the importance of that market within the global economy. Happily, there is more of a choice now and it is a real choice – between managers with quite different approaches and remits. However, in terms of assets, the sector is still […]
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08 Jan 2021 3 min read
QD view – Nothin’ but blue skies from now on…
The riot in the Capitol Building may be dominating headlines but hopefully the orange cloud over Washington may soon dissipate. Does that mean Nothin’ but blue skies from now on…? For investors, one of the key events if 2021 to date may be the Democrat’s wins in the Georgia senate races. Joe Biden will now have […]
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18 Sep 2020 1 min read
QuotedData’s morning briefing 18 September 2020
In QuotedData’s morning briefing 18 September 2020: We have details of the GRIT Real Estate Income’s disposal of its stake in Anfaplace Mall, JLEN Environmental Assets acquisition of two hydro assets (one with a co-located battery storage asset), Macau Property Opportunities progress with its loan refinancing and its divestment of its remaining individual unit at One […]
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23 Apr 2020 2 min read
North American Income built revenue reserve ahead of crisis
North American Income built revenue reserve ahead of crisis – North American Income Trust’s performance lagged that of the Russell 1000 Index over the 12 months ended 31 January 2020. The trust returned 6.2% in NAV terms against 14.6% for the reference index. The dividend was increased from 8.5p to 9.5p from revenue of 11.4p, which […]
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24 Sep 2019 1 min read
QuotedData’s other news 24 September 2019
In QuotedData’s other news 24 September 2019 Starwood European Loan Finance has lent a developer £56.8m for two years. The money will be used to complete a residential development in London. Also the final €15m lent to a European industrial portfolio has been repaid. This leaves SWEF with net cash of £5.5m against unfunded commitments of […]
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11 Apr 2019 2 min read
North American Income delivers once more
North American Income delivers once more – North American Income (NAIT) had another good year (to January 31, 2019), outperforming its benchmark and delivering income growth, on the back of solid stock selection by its managers. Financial highlights Total return NAV per share rose by 4.8% on a total return basis in sterling terms. This […]
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28 Mar 2018 2 min read
North American Income Trust delivers on its objective
North American Income Trust delivers on its objective – As an income fund seeking to deliver an attractive and growing dividends from investing in North American companies, it is appropriate that North American Income Trust (NAIT) asks to be compared to an index equivalent to its objective. It does this by comparing itself to the Russell 1000 Value index, as well […]
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26 Feb 2018 1 min read
Investment Trust Insider on US trusts
James Carthew: where is a US growth trust when you want it? One of the strangest things about investment companies is how under-represented the US stock market is within the sector. Dedicated listed North American funds accounted for just 1.6% of the money in investment trusts and investment companies at the end of last year, […]
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04 Oct 2016 1 min read
North American Income ahead of benchmark
North American Income Trust reports that, over the six month period to 31 July 2016, the Company’s net asset value per share rose by 28.0% on a total return basis, in sterling terms, outperforming both its reference indices, the S&P 500 and the Russell 1000 Value, which provided total returns of 21.0% and 23.2% respectively […]
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24 Mar 2016 2 min read
North American Income achieves 10% dividend growth
North American Income Trust’s net asset value per share rose by 3.2% on a total return basis over the year that ended on 31 January 2016. The reference benchmark, the S&P 500, provided a total return of 5.2% in sterling terms and the Russell 1000 Value, which was incorporated as an additional measurement during the […]
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05 Nov 2015 1 min read
BlackRock North American Income Fee reduction and tender offer
BlackRock North American Income Trust has announced that it has reached an agreement on a revised fee basis with the trust’s manager. From 1 November 2015, the management fee will be 0.75% of the Company’s net assets. Where the Company invests in other investment or cash funds managed by BlackRock, any underlying fee is rebated. […]
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25 Mar 2015 2 min read
North American Income held back by biotech and tech underweights
Final results for The North American Income Trust for the year that ended 31 January 2014 show the fund delivering an 18.9% return on net assets, which isn’t bad but does lag the 25.0% return on the S&P500 Index by some margin. The fund’s discount widened from 5% to 7.9% over the year and so […]
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13 Jan 2015 1 min read
North American Income Trust change of manager
North American Income Trust has announced that its current manager, Paul Atkinson, has decided to return to Europe with his family, leaving Aberdeen’s Philadelphia office. Paul has managed the trust since its change of remit in 2012. He will be succeeded by Ralph Basset (the deputy head of North American equities) and Fran Radano (a […]
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11 Dec 2014 1 min read
2014 not BlackRock North American Income’s year
BlackRock North American Income results for the year that ended on 31 October 2014 show the fund’s net asset value underperforming its benchmark. Over the period the total return on net asset value was 11.8%, 5.1% less than the return generated by the Russell 1000 Index. Shareholders though were also impacted as the shares moved from […]
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20 Mar 2014 1 min read
North American Income Trust : NAIT – annual results
North American Income Trust has announced its results for the period ended 31 January 2014. Perhaps the most significant figure in these is a 38.5% increase in the dividend (from 19.5p to 27.0p). this comes on the back of a more than 50% rise in revenue per share and pushes the yield on the fund […]
Upcoming Events
Videos
In The Press
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11 Dec 2023 1 min read
Have enhanced income funds and trusts delivered for investors?
by Cherry Reynard from interactive investor, 5th December 2023: At a time when income is abundant, “enhanced income” strategies have been a surprise hit in 2023. The largest actively managed ETF in the world is now the JPM Equity Premium fund, a covered call strategy with $30 billon (£23.7 billion) in assets, while Morningstar identified […]
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23 Oct 2023 1 min read
The perfect global and US fund combinations that avoid overlap
By Tom Aylott, Reporter, 23 October 2023: Investors often buy global funds for exposure to a wide net of the world’s biggest companies, but some would argue that they are essentially getting US funds. In an article about the assets that investors should avoid holding together, Bestinvest director Jason Hollands highlighted that US and global […]
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17 Mar 2023 1 min read
Look beyond the dividend heroes
Andrew Courtney, for Investment Week, 15 March 2023: The dividend hero and next generation hero lists published by the AIC are a great marketing tool for the investment companies industry and tend to generate a considerable amount of press attention, despite being a relatively simplistic yardstick (funds that have grown their dividend every year for […]
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21 Nov 2022 1 min read
The US trusts on wide discounts relative to their recent history
By Tom Aylott, Reporter, Trustnet, 21 November 2022: Trusts investing in the growth-oriented US market have faced challenging conditions this year as their investment style falls out of favour… On the bright side, declining markets could offer an attractive entry point for investors looking to increase their exposure to the US. Here, Trustnet looks at […]
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1 min read
Deep Dive: ESG lens may boost value opportunities
James Baxter-Derrington, Investment Week, 18 November 2022: Inflation and tightening monetary policy have combined to benefit value investors in the near term, while an ESG lens may provide long-term opportunities in the US and globally. Speaking to Investment Week, Aaron Dunn, co-head of value investing at Eaton Vance, said inflation and tight monetary policy will […]
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18 Oct 2022 1 min read
Investment trust insider opportunities in troubled times
Investment trust insider opportunities in troubled times – James Carthew: Where trust opportunities lie after another Tory regime collapse The U-turns, clumsy mistakes, muddled thinking and general ineptitude of current UK economic policy may have killed any hope of a relatively shallow recession in the UK. For investors, the way forward is hard to fathom, […]
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07 Sep 2022 1 min read
The North American Income Trust boss says he is confident it can outpace US inflation in medium term
Jayna Rana, inews, September 5, 2022: After years of outperformance due to the success of growth and technology stocks, both of which feature heavily in the USA’s biggest indices, the country has struggled since the turn of the year. Inflation has been steadily climbing and we have already seen US central bank, the Federal Reserve […]
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23 Dec 2021 1 min read
The Investment Trusts Handbook 2022: All Change, Please
JAMES CARTHEW explores when and why boards choose to change their fund manager. In my opinion, one of the greatest strengths of the investment companies industry is its system of governance. Boards of independent directors work for and on behalf of investors. Boards’ ability to fire underperforming managers helps to keep these managers on their […]
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25 Jan 2021 1 min read
Can you cash in on a Biden bounce
Is America’s bubble about to burst – or can you cash in on a BIDEN BOUNCE as Democrat takes the reins By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 23 January 2021 | UPDATED: 10:38, 24 January 2021 In the last few days, the world’s eyes have been on the United States as the presidency has transferred from Donald […]
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30 Jun 2020 1 min read
Global income in a lost decade for UK dividends
Global income in a lost decade for UK dividends by Jennifer Hill Investment Trust Insider ezine, issue 54, June 2020 Bear markets for dividends are a rarity. There have only been six in the past 149 years compared to 16 for total stock market returns, according to an analysis by Schroders that uses the S&P […]
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28 May 2020 1 min read
Bargain Hunter: three investment trust picks
Bargain Hunter: three out-of-form investment trusts with cheap price tags Following the steep market falls two months ago there remain numerous examples of investment trusts trading on wider discounts than their 12-month average discount figure. May 28, 2020 by Kyle Caldwell Heavy stock market falls during a six-week period in February and March negatively impacted the majority of investment […]
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13 Nov 2018 1 min read
Investment trust insider on North American Income Trust
Investment trust insider on North American Income Trust – James Carthew: discount on North American looks odd I know that markets climb a wall of worry but sometimes the slew of negative headlines can feel a bit overwhelming. I think that here, in the UK, the looming Brexit decision and the growth slowdown that has occurred […]
