RCS - Diverse Inc Tst - Edison issues review on The Diverse Income Trust
14/09/2022 07:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220914:nRSN3090Za&default-theme=true RNS Number : 3090Z Diverse Income Trust PLC (The) 14 September 2022 London, UK, 14 September 2022 Edison issues review on The Diverse Income Trust (DIVI) 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. 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. We believe DIVI is well positioned to outperform indices and peers over the long term, given its income-generating multi-cap strategy and diverse sources of income. DIVI's strategy and the portfolio's diversification (c 130 holdings) mean the trust's portfolio has not changed significantly throughout its life. In 2021 and H122, as the AIM market underperformed the broader UK market, DIVI's performance lagged larger cap dominated peers with a -13.7% 12-month NAV TR versus -3.9% for peers. Given the increased risks of a recession, the recently purchased UK large-cap equity index put option covering the period to December 2023 (replacing the one expiring in December 2022) should enable DIVI to withstand (and even benefit from) any potential market correction. Click here (https://www.edisongroup.com/publication/an-opportunity-for-the-short-and-long-term/31330/?utm_campaign=RNSreach%20Press%20Releases&utm_source=RNSreach&utm_medium=Press%20Release) to view the full report or here (https://share.hsforms.com/1yv_S2s6rSTqxFgYFW7IjXg3k1vq) to sign up to receive research as it is published. All reports published by Edison are available to download free of charge from its website www.edisongroup.com (http://www.edisongroup.com) About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney. Edison is authorised and regulated by the Financial Conduct Authority (https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) . 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. 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