- Closed-ended funds are still ranking highly on our screen
- Across all sectors, 15 FTSE All Share companies pass at least 7/8 tests
One of the striking features about our Alpha dividend yield screen is the prominence of investment companies among the top-ranking quality income shares flagged.
One of the top companies this month is Apax Global Alpha (APAX) which is a private equity focussed trust. Shares trade at a premium to net asset value (NAV) but this is not unusual for a company that invests in a sector with huge expectations for growth. Certainly there is appetite for the asset class right now in anticipation of economies opening up again.