Details

Autor(en) / Beteiligte

• Baxter, Dave

Titel

IC income portfolios: 12 months on

Ist Teil von

• Investors Chronicle, 2022-11, p.8

Ort / Verlag

London: The Financial Times Limited

Erscheinungsjahr

2022

Link zum Volltext

Quelle

Nexis

Beschreibungen/Notizen

• BlackRock Energy Resources and Income (BERI) returned more than 30 per cent, Murray International (MYI) registered a 13.6 per cent gain and both the value-oriented US fund North American Income (NAIT) and Renewables Infrastructure Group (TRIG) made gains in the high single digits. Some of the trusts have been vulnerable to external headwinds, whether Europe's geopolitical challenges dealing a blow to the JPMorgan fund, the depreciation of the yen hurting CC Japan Income & Growth (CCJI) or trusts such as M&G Credit Income (MGCI) and multiasset trust Aberdeen Diversified Income & Growth (ADIG) seeing their debt exposures suffer in the recent fixed income sell-off. When it comes to his most prominent holdings, Liddell has decided to slightly increase the exposure to Abdrn Diversified Income & Growth from 12.5 to 15 per cent, on the basis that the valuation of its underlying holdings and its share price yield look appealing after recent performance woes. The trust's shares recently traded on just a modest discount to portfolio net asset value (NAV), but Liddell believes the property shares TR tends to hold are currently trading on very low valuations.