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 not a guide to future results.
See latest monthly factsheet below for performance history.
Daily Data
At close 17-May-2013
Ord| Price | 277.50p |
| NAV* | 271.74p |
| NAV** | 275.84p |
| Prem/-Disc* | 2.12% |
| Prem/-Disc** | 0.60% |
| Net Dividend Yield | 3.87% |
* Debt at market value
** Debt at par
Source: Morningstar, NAV = Net Asset Value, excluding income.
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.
Dunedin Income Growth Investment Trust PLC Annual Report for the Year Ended 31 January 2013
Ben Ritchie, Senior Investment Manager
In this webcast, Ben Ritchie gives an update on a wide range of subjects including the Trust’s performance, dividend history and top twenty holdings, as well as an explanation of how to generate yield from high quality equities and an outlook for the Trust.
Manager's Monthly Report
April 2013
March marked the tenth consecutive monthly gain for the FTSE All-Share Index, which rose 1.4% on a total return basis. Investors overcame uncertainty created by events in Cyprus, instead choosing to focus on improving prospects for global growth evidenced most clearly in better economic data from the US. Sectors such as pharmaceuticals and mobile telecoms outperformed while banks and mining lagged.
It was another month of mixed domestic economic news flow. PMI data for March was encouraging in the services sector which recorded its strongest expansion in seven months; whereas manufacturing data was again weaker than expected. Unsurprisingly the Budget saw GDP growth forecasts downgraded – the Office for Budgetary Responsibility halved its 2013 estimate to 0.6% from 1.2% in the Autumn Statement. The Monetary Policy Committee was given more flexibility in the Budget and, separately, left interest rates unchanged although three members voted for an increase in the scale of quantitative easing. CPI inflation edged up to 2.8% in February.
We added on weakness to the position in leading education and information provider Pearson. No other trades were conducted during the month. Meanwhile the option writing programme continued to generate supplemental income for the Trust, with calls written against Whitbread and Unibail where we would be happy to see weights decrease; while puts were written against AMEC, Casino and BG amongst others.
Despite the current wave of optimism and widespread bullishness on the prospects for stock markets in 2013 we remain cautious. A large part of the global economy is struggling to grow amidst deep fiscal adjustments and the support offered by monetary policy is perhaps nearing its limits. We take comfort that within the portfolio valuations do not look too demanding, operational performance has been broadly robust and balance sheets are generally in good shape. All of which lead us to believe that the outlook for the distribution of dividend payments from our investee companies looks reasonably sound.
Source: Monthly Factsheet Aberdeen Asset Managers Limited