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Investment trusts are still income champions

Investment companies offer dividends and diversified plays on recovery themes.
Investment trusts are still income champions
  • 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. 

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