share prices

Aberdeen Standard Equity Income Trust


£125.2m market cap

259p last close

Aberdeen Standard Equity Income Trust (ASEI) aims to provide shareholders with an above-average income from their equity investment while also providing real growth in capital and income. It seeks to achieve this through a diversified portfolio of between 50 and 70 equity holdings. The benchmark is the All-Share index.

Investment summary

Aberdeen Standard Equity Income Trust (ASEI, formerly Standard Life Equity Income Trust [SLET]) has been managed by Thomas Moore since November 2011. He is bullish on the long-term outlook for the trust as the yield on the portfolio is the highest since the end of the global financial crisis in 2009, suggesting UK share prices are discounting a recession or another global crisis. The manager says that ASEI’s holdings – chosen from across the market cap spectrum – can be classified in one of three ‘buckets’: global yield (c 40% of the portfolio), domestic opportunities (c 30%) and uncorrelated value (c 30%), and he is finding good opportunities in all three. The trust’s revenue was higher than projected in FY18, leading to an annual dividend increase of 12.3%, which was much higher than the 7.5% compound annual growth rate over the last five years.

Register to receive research on Aberdeen Standard Equity Income Trust as it is published
Share price graph
Price performance
Actual (5.1) (6.8) (30.9)
Relative* (4.1) (4.5) (17.7)
52-week high/low 422.0p/202.0p
*% relative to local index
Key management
Evan Bruce-Gardyne Head of investment trusts
Thomas Moore Fund manager

You may also be interested in…