money-2696219 (1)

Aberdeen Diversified Income and Growth Trust

LN: ADIG

£345.2m market cap

106.5p last close

ADIG’s investment objective is to achieve a total portfolio return of Libor +5.5% per annum (net of fees) over rolling five-year periods by investing globally using a flexible multi-asset approach via quoted and unquoted investments.

Investment summary

Aberdeen Diversified Income and Growth Trust (ADIG) follows a diversified multi-asset approach, aiming to generate attractive long-term income and capital returns. The managers aim to hold a genuinely diversified, global, multi-asset portfolio of investments with differing return drivers and risk characteristics, that should produce uncorrelated returns. Performance has been mixed since the appointment of Aberdeen Standard Investments (ASI) as manager in February 2017, but positions in longer-term, less liquid investments, typically only accessible to large, sophisticated investors, are steadily being built up, and the experienced investment team is confident that the Libor +5.5% pa target return can be achieved over the investment cycle. The FY18 total dividend was 1.17x covered and the board intends to increase the FY19 dividend by 2.3% to 5.36p, representing a 4.7% yield.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.0 (4.5) (13.8)
Relative* (3.4) (4.9) (13.6)
52-week high/low 125.0p/105.0p
*% relative to local index
Key management
William Hemmings Head of Closed End Funds

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