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As investors turn away from chasing growth, these income trusts could profit

By ANGHARAD CARRICK FOR THIS IS MONEY, 3 November 2022:

As some savings rates near 5 per cent more potential investors might be tempted to park their cash there instead of in the stock market.

But with inflation continuing to run hot, there is good reason to consider adding dividend-paying investments in your portfolio, as they can offer the opportunity for both reliable and rising income and capital growth…

Our experts have picked their top investment companies from the AIC’s Dividend Heroes and Next Generation Dividend Heroes lists for those looking for reliable income, plus a trio of trusts that don’t make the heroes tables but are worth a look.

Alliance Trust has provided dividend increases for more than 50 years in a row and is among the AIC’s Dividend Heroes.

The trust invests in global equities and holds 190 stocks in its portfolio. Alliance Trust has rlost 6 per cent over the past year, but that vastly outperforms the global AIC sector which has returned -32.5 per cent. Over five years the trust has returned 43.2 per cent…

City of London Investment Trust is unrivalled when it comes to payouts having increased its dividend for 56 consecutive years.

Managed by Job Curtis since 1991, the trust looks for growth in income and capital by investing in a portfolio of equities, primarily listed on the London Stock Exchange.

Its top holdings include FTSE big hitters like British American Tobacco and Shell…

Murray International is one of the AIC’s Next Generation Dividend Heroes, which it defines as investment trusts that have increased their dividends for at least 10 years in a row.

Managed by Bruce Stout of abrdn’s global equity team, Murray International has raised its dividend for 17 consecutive years…

James Carthew, head of investment companies at QuotedData highlights GCP Infrastructure as an income trust beyond the usual suspects.

The trust, which is managed by Philip Kent, invests in UK infrastructure projects with long-term public sector backed revenues.

It yields 7.25 per cent and is currently trading on a 14.83 per cent discount to NAV…

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