Risk Warning
The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.
Read the detailed Risk WarningPast Performance
Past performance is no guide to future performance.
See latest monthly factsheet below for performance history.
Daily Data
At close 26-Jan-2012
Ord| Price | 215.13p |
| NAV* | 218.46p |
| NAV** | 223.35p |
| Prem/-Disc* | -1.52% |
| Prem/-Disc** | -3.68% |
| Net Dividend Yield | 4.76% |
Source: Morningstar
* Debt at market value
** Debt at par
NAV = Net Asset Value
Literature
Trust Details
Dunedin Income Growth Investment Trust PLC
Registered Office:
7th Floor
40 Princes Street
Edinburgh
EH2 2BY
Registered in Scotland as an Investment Company Number 881
Dunedin Income Growth Investment Trust PLC
Objective
The Company's investment objective is to achieve growth of income and capital from a portfolio invested mainly in companies listed or quoted in the United Kingdom.
Manager's Monthly Report
January 2012
The FTSE All-Share Index finished December 0.8% ahead on a total return basis. In contrast to what was an eventful prior month, there was limited news flow to capture the market’s attention. Most notably, European policymakers had yet another summit to address the ongoing sovereign debt crisis, in which they outlined intentions to move towards greater fiscal integration within the euro area. Defensive sectors of the market again outperformed.
Domestically, the economic backdrop remains fairly weak. Third quarter GDP was revised marginally upwards to a paltry 0.6% quarter-on-quarter. Industrial production data was poor, whereas decent data from the services sector gave some encouragement. In light of the anaemic growth levels and expectations for inflationary pressures to subside, the Bank of England left interest rates and the quantum of the asset purchase programme unchanged. Elsewhere, US data showed improvement whilst in Europe the ECB cut interest rates by 25 basis points and announced additional liquidity measures to support banks and the flagging economy.
In trading activity, we topped up a number of holdings on weakness including Compass, Sage, HSBC, AMEC and BHP Billiton. Funding came from top-slicing United Utilities as well as trades within the fixed income portfolio. Option writing continued incrementally.
A combination of the lingering euro area debt crisis and the associated weakening global growth outlook has resulted in a severe lack of confidence and elevated uncertainty. It therefore seems likely that until a credible solution is found, markets will remain hostage to macroeconomic news flow and swings in sentiment with high levels of volatility persisting. There is some comfort to be found in equity valuations which appear inexpensive on both an absolute and relative basis. In such an environment we will continue to focus on good quality companies with strong balance sheets and attractive dividend paying capabilities.
Source: Monthly Factsheet Aberdeen Asset Managers Limited