Diverse Income Trust PLC (The) Edison issues review on the Diverse Income Trust
04 Août 2023 - 8:15AM
RNS Non-Regulatory
TIDMDIVI
Diverse Income Trust PLC (The)
04 August 2023
London, UK, 4 August 2023
Edison issues review on the Diverse Income Trust (DIVI)
The Diverse Income Trust (DIVI) has two co-managers, Gervais
Williams and Martin Turner at Premier Miton, who employ a genuine
all-cap UK equity income strategy. DIVI's long-term total returns
are a function of its income and above-average income growth and
although valuations can vary, over time they become less important
as they trade in a range. While the trust's performance has been
disappointing over the last two years as stocks have derated and
AIM stocks have underperformed, its income profile remains robust;
hence, the managers are anticipating an improvement in DIVI's
performance. The trust has delivered a rising level of regular
annual dividends throughout a range of market conditions.
DIVI's multi-cap income strategy sets the trust apart from its
peers; only a third of the fund is invested in large and mid-cap
companies. It offers both an attractive yield and an income stream,
which tends to grow faster than those of competing funds,
suggesting DIVI should also achieve superior capital growth over
the longer term. The portfolio's broad stock list of more than 120
companies and below-market beta should ensure that the fund's
performance is relatively defensive during periods of stock market
volatility. Hence, DIVI could be described as a high alpha, low
beta fund. The managers are not constrained by a benchmark, so the
trust's sector exposure differs from the UK market, with notable
overweight exposures to financials and materials, and below market
allocations to healthcare and consumer staples stocks.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: E dison is a leading research and investor
relations consultancy, connecting listed companies to the widest
pool of global investors. By focusing on the volume and quality of
investors reached - across institutions, family offices, wealth
managers and retail investors - Edison can create and gauge intent
to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual
meetings.
Having been the first company in-market 17 years ago, Edison has
more than 100 employees and covers every economic sector.
Headquartered in London, Edison also has offices in New York,
Sydney and Wellington.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information, please contact Edison:
Mel Jenner +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
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