STS GLOBAL INCOME & GROWTH TRUST PLC | RNS Reach Story | ||
| Go to market news section | ||
|
London, UK, 18 February 2020
Edison issues review on Securities Trust of Scotland (STS)
Securities Trust of Scotland (STS) aims to generate income and long-term capital growth through a bottom-up approach to investing in global equities. The manager, Mark Whitehead, focuses on quality companies with an ability to sustain dividend growth, to build a relatively concentrated portfolio of 35-55 high-conviction stocks. In his view, this approach is naturally aligned with selecting companies that score highly on ESG issues. Since Whitehead's appointment, and the adoption of the mandate, STS has delivered an annualised NAV total return of 12.9% and increased demand for its shares the valuation from trading at a persistent discount to trading at a premium to NAV.
STS is currently trading at a 2.3% premium to cum-income NAV, which is a significantly improved valuation from the three-year average discount of 4.1%. This partly reflects the trust's successful track record since the change of manager and mandate in June 2016, and the board's proactive approach to significantly increasing the promotion of the fund over the past 18 months. The board and the investment manager remain committed to these initiatives.
Click hereto view the full report.
Subscribe to Edison's content to receive reports by email.
All reports published by Edison are free-to-access and available on thewebsite.
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by theFinancial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Helena Coles, +44 (0)20 3681 2522
Mel Jenner, +44 (0)20 3077 5720
investmenttrusts@edisongroup.com
Learn more atwww.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-group-
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
| London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply. |
| ©2014London Stock Exchange plc. All rights reserved |
Edison review on Securities Trust of Scotland - RNS
Attachments
- Original document
- Permalink
Disclaimer
Securities Trust of Scotland plc published this content on 18 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2020 12:11:25 UTC
