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 17-May-2012
Ord| Price | 207.75p |
| NAV* | 204.17p |
| NAV** | 208.28p |
| Prem/-Disc* | 1.76% |
| Prem/-Disc** | -0.25% |
| Net Dividend Yield | 5.13% |
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.
Aberdeen's investment approach: An eye for potential, an ear to the ground
December 2011
Manager's Monthly Report
April 2012
Following a strong start to the year, in March the FTSE All-Share Index fell 1% on a total return basis. Nonetheless the market ended the quarter up 6.1%. Worries that the rate of economic growth in China was waning weighed on investor sentiment during the month, as did indications that the eurozone may have returned to recession. As such the mining sector was weak while defensive areas of the market including tobacco, telecommunications and food retail outperformed.
The domestic economy remained relatively weak. A broadly unremarkable Budget revealed that official growth expectations had been revised modestly upwards to 0.8% in 2012 – the same rate as 2011 – and downwards to 2.0% for 2013. Unemployment is expected to rise to 8.7% over the coming year before falling to around 6% over the medium term. Economic data highlights included indications of moderate expansion in the manufacturing sector and further subsidence in elevated levels of CPI inflation to 3.4% from 3.6% at the prior reading. Interest rates were left unchanged. Elsewhere, the US economy showed further signs of improvement particularly in the labour market; whereas the eurozone appeared increasingly likely to have slipped back into recession in the first quarter based on PMI data.
In portfolio activity, we topped up a number of holdings with attractive valuation and yield characteristics including Roche, GlaxoSmithKline, BHP Billiton, Wm Morrison Supermarkets and Pearson amongst others. Option writing continued to generate supplemental income, with puts written on the likes of Tesco, Pearson and Unilever where we would be happy to raise exposure; and calls on positions in British American Tobacco, Aviva and Close Brothers where we would be comfortable seeing weights decline.
Source: Monthly Factsheet Aberdeen Asset Managers Limited