Aberdeen Diversified Income and Growth Trust

LN: ADIG

Market Cap£308m

Last Close 99.75p

ADIG invests globally using a flexible multi-asset approach via quoted and unquoted investments. It aims to generate attractive long-term capital and income returns by applying a diversified multi-asset approach, using quoted and unquoted investments, with no geographical or sector restrictions. This is a new investment objective that was approved by the shareholders at the AGM in February 2021.

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Investment summary

Aberdeen Diversified Income and Growth Trust (ADIG), a diversified multi-asset fund, has undergone a considerable change during Q420, as the board addressed the disappointing performance since 2017. We believe the change in strategy and the new team provide a turnaround opportunity. After a strategic review in October-November 2020, the manager, Aberdeen Standard Investments (ASI), simplified the strategy, segmented the investible asset classes into four asset buckets (listed equities, fixed income & credit, listed alternatives, private markets) and emphasised the sustainability of the dividend. The manager’s plan to maintain or increase currently covered (1.0x) dividends should be supported by the lower interest expense after the partial bond repurchase in early November 2020 and the use of revenue reserves.

Content on Aberdeen Diversified Income and Growth Trust
Aberdeen Diversified Income and Growth Trust – Spelling out the portfolio blocks
Investment companies | research Review | 20 August 2021
Aberdeen Diversified Income and Growth Trust – Portfolio repositioning continues
Investment companies | research Review | 17 March 2020
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Share price graph
Price performance
%
1m
3m
12m
Actual (1.7) (0.1) 4.5
Relative* (0.4) (2.7) 1.8
52-week high/low 103.5p/95.1p
*% relative to local index
Key management
William Hemmings Head of Closed End Funds

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