money-2696219 (1)

Aberdeen Diversified Income and Growth Trust

LN: ADIG

£354.1m market cap

109.5p 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) continues to progress towards full implementation of its strategy, aiming to achieve attractive capital and income returns (five-year target of Libor +5.5% pa, net of fees) from a widely diversified multi-asset portfolio, including a significant allocation to less liquid, longer-term investments that individual investors would be unlikely or unable to access. Portfolio managers Mike Brooks and Tony Foster at Aberdeen Standard Investments (ASI) say half the funds committed to these long-term strategies have now been drawn, with the pace of investment from underlying managers stepping up over the summer. As the portfolio develops towards its intended shape, there is scope for the current wider-than-average discount to narrow materially. ADIG’s shares have an FY19 prospective yield of 5.0%.

Share price graph
Price performance
%
1m
3m
12m
Actual 1.9 4.8 (9.7)
Relative* 0.7 1.8 (13.2)
52-week high/low 122.5p/104.5p
*% relative to local index
Key management
William Hemmings Head of Closed End Funds

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