Diverse Income Trust (The) (LSE: DIVI)

Currency in GBP

Last close As at 25/03/2023


1.40 (1.60%)

Market capitalisation


The Diverse Income Trust’s objective is to provide an attractive and growing level of dividends, coupled with capital growth over the longer term. It invests in a diversified portfolio primarily of quoted or traded UK companies across the market-cap spectrum, with a bias to high-quality small- and mid-cap stocks. Because it builds a stock-specific portfolio, the team does not use a benchmark.

Diverse Income Trust (The)_resized

Equity Analyst

Victoria Chernykh

Victoria Chernykh

Director, Investment Trusts

Key Management

  • Gervais Williams

    Fund manager

  • Martin Turner

    Fund manager

  • Michael Wrobel


Share Price Performance

Price Performance
% 1M 3M 12M
Actual (3.9) (4.3) (15.8)
Relative 0.8 (5.3) (14.9)
52 week high/low 109.5p/83.4p


The Diverse Income Trust (DIVI) is managed by Gervais Williams and Martin Turner at Premier Miton. They are very optimistic about the prospects for UK stocks, with Williams recently stating: ‘I am more bullish than I have been in the last 30 years’. UK equity valuations are looking very attractive versus other markets and their own history, while there is a historically wide discount between the valuation of DIVI’s portfolio and that of the UK market. The trust’s income is now higher than pre-COVID-19 levels, with the improvement exceeding that of UK stocks in aggregate, which Williams attributes to the success of its portfolio companies. He believes that DIVI’s shareholders will be rewarded with a higher level of income, while successful stock selection, which has been demonstrated in the past, could lead to outperformance versus the UK and global markets.


Investment Companies

European equities

Investment Companies

Listed Private Equity

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