Trust Issues

Finding the best UK stocks for income, with Dunedin Manager Rebecca Maclean - Podcast: Trust Issues #16

We talk valuations, European stocks, options writing and UK M&A...
David Kimberley
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Updated 26 May 2023
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This is a non-independent marketing communication commissioned by abrdn. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.

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Podcast series

In this episode of Trust Issues, we speak to Rebecca Maclean, the Co-Manager of the Dunedin Income Growth Investment Trust (DIG). As the trust celebrates its 150th anniversary, we speak to Rebecca about what the trust's strategy is, as well as looking at a number of the companies in the portfolio and what the thinking behind the investments in them was. You can skip to individual questions using the links below:

00:00 - Risk warnings

01:08 - What is Dunedin Income Growth?

03:07 - Why invest in European stocks and UK mid-caps?

05:53 - How does writing options support your investments?

07:30 - Why do you run such a concentrated portfolio?

09:46 - Are companies in the portfolio still seeing good dividend cover and how do you respond if a company cuts its dividends?

13:38 - Why invest in European companies? What companies are you invested in at the moment?

16:31 - You have a strong ESG mandate but an oil company is one of your largest holdings. What is the thinking here? 22:04 - Why are UK valuations so low? Do you think there is anything that could cause this to change?

27:00 - Do you have any thoughts on more M&A activity in the UK stock market?

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About the Author

David Kimberley
[email protected]
David is an investment specialist for Kepler Trust Intelligence. Prior to joining Kepler Partners, he helped build the communications and editorial team at Freetrade, a retail stockbroker, and worked as a financial journalist in the Middle East. David has a BA in history from University College London.

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