Diverse Income Trust (The) (LSE: DIVI)

Currency in GBP

Last close As at 03/02/2023

GBP0.96

0.60 (0.63%)

Market capitalisation

GBP338m

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.

Equity Analyst

Victoria Chernykh

Victoria Chernykh

Director, Investment Trusts

Key Management

  • Gervais Williams

    Fund manager

  • Martin Turner

    Fund manager

  • Michael Wrobel

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 4.7 9.6 (16.1)
Relative (0.8) (0.4) (17.0)
52 week high/low 115.0p/83.4p

Overview

Multi-cap Diverse Income Trust (DIVI) continues to be among the top-ranked UK high-dividend-yield trusts, despite some setbacks in short-term performance against peers due to its relatively high small-cap and AIM exposures (see page 3 for details). These segments of the UK market underperformed over the past 12 months. Portfolio managers Gervais Williams and Martin Turner are confident about both DIVI’s short- (should the global and UK equity markets continue to rally in H222) and long-term performance catch-up relative to peers and indices. They expect the multi-cap income approach will continue to deliver returns ahead of the market, and for the UK equity market to outperform the United States.

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