An update from our investment manager, Ben Ritchie - 26 May 2022
We retain the cautious outlook that we have had for some time. Inflation is elevated and rates of economic growth are slowing globally, and are likely to slip further as confidence is impacted, particularly in Europe. At the same time, central banks are increasingly focussed on tightening policy, while government balance sheets remain fairly stretched. Corporate profits are starting to be challenged by supply chain disruptions, higher costs and now having to cope with slowing demand making it more challenging to pass on price increases. This makes for a complex environment to navigate. Overall we remain happy to keep a balance to our positioning giving ourselves the potential to perform in a range of market environments. Our attention remains on seeking to protect capital, but we are increasingly looking to participate in opportunities where we believe share prices in good companies with attractive long-term prospects have been oversold and at the same time focus on the companies that meet our sustainable and responsible investing criteria.
An enhanced ESG approach
The Board believes that companies that best manage Environmental Social and Governance (ESG) risks and opportunities will provide investors with superior risk adjusted returns.
Accordingly, with the support of shareholders, the Company has adopted an enhanced ESG approach consistent with the existing strategic objectives of the Company.
Why Dunedin Income Growth Investment Trust?
Uniquely positioned in the UK Equity Income sector with a differentiated, selective strategy looking to deliver growth in capital and income by investing in the best companies in the UK and Europe, whilst also meeting our sustainable and responsible investing criteria.
A high conviction portfolio of around 40 stocks with an emphasis on balancing dividend yield with growth and sustainability.
Managed by one of the best resourced UK Equity teams, alongside a proven income track record having grown or maintained the dividend for 39 years.