£781.8m market cap
660p last close
LWDB’s investment objective is to achieve long-term capital growth in real terms and steadily increasing income. The aim is to achieve a higher rate of total return than the broad UK stock market through investing in a diversified portfolio of mainly UK equities with some international holdings. The IPS business provides a regular flow of income, which augments the dividend income from the equity portfolio.
Investment summary
The Law Debenture Corporation (LWDB) has reported another strong set of results for its independent professional services (IPS) business in H120, with EPS growth remaining in the target mid- to high single-digit range despite a more challenging economic backdrop. With the trust’s largely UK investment portfolio having been hit by the widespread stock market sell-off in February and March, IPS has provided a larger than average contribution to revenue returns. This means fund managers James Henderson and Laura Foll can continue to search for attractive total return opportunities in a broad range of sectors, while maintaining LWDB’s focus on both capital appreciation and above-inflation dividend growth.
Sector |
|---|
| Investment companies |
Share price graph
Price performance
% |
1m |
3m |
12m |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|||||||||||||||
| *% relative to local index | |||||||||||||||
Key management |
|
|---|---|
| Denis Jackson | CEO |
| Hester Scotton | CFO |
Content on The Law Debenture Corporation
You may also be interested in…
- Aberdeen Asian Income Fund
- Aberdeen Diversified Income and Growth Trust
- Aberdeen Latin American Income Fund
- Aberdeen New Thai Investment Trust
- Aberdeen Standard Equity Income Trust
- Acorn Income Fund
- Atlantis Japan Growth Fund
- Baillie Gifford China Growth Trust
- Baker Steel Resources Trust
- Bankers Investment Trust (The)
- BioPharma Credit
- BlackRock Emerging Europe
- BlackRock Greater Europe Investment Trust
- BlackRock Latin American Inv. Trust
- BMO Managed Portfolio Trust Growth Portfolio
- BMO Managed Portfolio Trust Income Portfolio
- Canadian General Investments
- CVC Credit Partners European Opportunities
- Diverse Income Trust (The)
- EJF Investments
- Electra Private Equity
- European Assets Trust
- F&C Investment Trust
- Fidelity Asian Values
- Fidelity China Special Situations
- Fidelity European Trust
- Fidelity Japan Trust
- Fidelity Special Values
- Finsbury Growth & Income Trust
- Genesis Emerging Markets Fund
- Gresham House Strategic
- Gulf Investment Fund
- Hansa Investment Company
- HarbourVest Global Private Equity
- Henderson Alternative Strategies Trust
- Henderson Far East Income
- Henderson International Income Trust
- Henderson Opportunities Trust
- HgCapital Trust
- Invesco Asia Trust
- JPMorgan Global Convertibles Income Fund
- JPMorgan Global Growth & Income
- Jupiter Green Investment Trust
- Jupiter UK Growth Investment Trust
- Jupiter US Smaller Companies
- Lazard World Trust Fund
- Lowland Investment Company
- Marble Point Loan Financing
- Martin Currie Asia Unconstrained Trust
- Martin Currie Global Portfolio Trust
- Murray Income Trust
- Murray International Trust
- NB Private Equity Partners
- Ocean Wilsons Holdings
- Princess Private Equity Holding
- Schroder AsiaPacific Fund
- ScotGems
- Scottish Oriental Smaller Companies
- Securities Trust of Scotland
- Seneca Global Income & Growth Trust
- Standard Life Investments Property Income Trust
- Standard Life Private Equity Trust
- Standard Life UK Smaller Companies
- Templeton Emerging Markets Investment Trust
- The Biotech Growth Trust
- The Brunner Investment Trust
- The European Investment Trust
- The Merchants Trust
- The North American Income Trust
- The Scottish Investment Trust
- TR European Growth Trust
- UIL
- UK Commercial Property REIT
- Utilico Emerging Markets Trust
- Vietnam Enterprise Investments
- VietNam Holding
- VinaCapital Vietnam Opportunity Fund
- Witan Investment Trust
- Worldwide Healthcare Trust