Securities Trust Of Scotland Closed Fund (LON:STS) - Global trust with quarterly dividends

Wednesday, Jan 09 2013 by

Jan 09th 2013 - Edison Investment Research today published a report on Securities Trust of Scotland Closed Fund (STS.L, LSE:STS, LON:STS) entitled "Global Trust With Quarterly Dividends". In summary, the report says:

Securities Trust of Scotland (STS) is a global growth and income trust that pays quarterly dividends and currently offers a 3.6% yield. Since a change in investment mandate in July 2011, STS invests in high-yield global (previously UK only) equities. During the last 12 months STS has outperformed its benchmark index, the MSCI World High Dividend Yield Index, by 3.5% and 0.2% in terms of price and NAV total return respectively. The fee structure was also simplified with a view to keeping the TER below 1.0%. The manager, Alan Porter, believes that whilst existing uncertainties persist global equity markets are likely to be range bound and the focus remains on stocks with medium growth prospects (the manager defines this as...




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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »