Funds & ETFs 

HICL dividends on target despite Affinity and Carillion issues

HICL dividends on target despite Affinity and Carillion issues

When shadow chancellor John McDonnell pledged to "bring existing private finance initiative contracts back in-house" at the Labour party conference last year it sparked a sharp derating of infrastructure investment trusts, including HICL Infrastructure Company (HICL). When we last updated on the trust in June 2017 it was trading on a premium to net asset value (NAV) of 17.5 per cent but following these comments fell to premium to NAV of around 3 per cent following Mr McDonnell's comments.

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