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Edinburgh Investment Trust PLC Information
Share Price Information for Edinburgh Investment Trust PLC (EDIN)
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Share Price:
717.00
Bid:
714.00
Ask:
716.00
Change:
-2.00 (-0.28%)
Spread:
2.00 (0.28%)
Open:
717.00
High:
717.00
Low:
716.00
Prev. Close:
719.00
Last checked at -
Edinburgh Investment is an Investment Trust
To achieve an increase of the NAV per share in excess of the growth in the FTSE All-Share Index and dividend growth that exceeds UK inflation rate by investing primarily in UK securities.
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Don't have an account? Click here to register.Comment: High yielding investment trusts
Fri, 04th Feb 2011 15:31
With most bank and building society savings accounts offering derisory interest rates these days it is tempting to look to other forms of investments to boost income. If you want higher returns, however, then you usually have to accept higher risk of losing your capital, though there are ways of reducing this risk.For equity investors, the temptation might be to pick one blue-chip stock paying a chunky dividend and pile into that but, as was seen last year with BP, no matter how safe and secure a stock's dividend might seem, events can force a quick change of dividend policy in even the mightiest of companies.The old adage of not putting all your eggs in one basket is appropriate when it comes to reducing risk, but not every equity investor wants to pay all the dealing costs involved in building an income portfolio of, say, a dozen high yielding stocks. For investors such as these, high income investment trusts might be the solution. In this scenario the investor buys just one or two investment trusts, safe in the knowledge that those trusts - sometimes referred to as "pooled investments" - have themselves invested in literally dozens of shares. In other words, if you buy shares in an investment trust that has a portfolio of 30 stocks then you are investing, by proxy, in 30 stocks rather than just one.Stockbroker Oriel Securities has done a lot of the spade work in terms of working out which are the highest yielding investment trusts that invest primarily in equities. It's top four comprises:1) Shires Income - dividend yield (DY) of 6.3%2) Merchants Trust - DY 5.5%3) European Assets - DY 5.5%4) Majedie Investments - DY 5.5% Just below this four are four more trusts each yielding 4.7%: Dunedin Income Growth, Edinburgh Investment Trust, INVESCO Income Growth and Shires Smaller Companies.For comparison purposes, Oriel observes that the FTSE 100 index has a composite dividend yield of 2.9% while the FTSE 250's yield is even lower at 2.2%."Many of these trusts have substantial dividend reserves which can be used to maintain or increase dividends at times when the dividend payable is not fully covered by annual revenues. We see the ability to use revenue reserves as an advantage that investment trusts have over some other investment products," Oriel's broker note states.As Oriel's comments about the importance of cash reserves implies, just blindly investing in the highest yielding trust is not necessarily the best way to go about things, as there are other factors to take into account, such as the trust's share price versus its net asset value per share (NAV); a share trading at a deep discount to its NAV could indicate that the trust is undervalued, while a trust trading at a premium to its NAV could suggest that the market rates the management highly. Of course, the reverse also applies.Other things to take into consideration before taking the plunge is the sort of investments a trust makes. Some focus entirely on UK equities, others on other parts of the world, some on big caps, some on small, while there are also trusts that focus on particular sectors, such as property.As they like to say on the investment bulletin boards, "do your own research"; all the tools available to do so are available on Digital Look.
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The shocking resignation of Invesco Perpetual's superstar fund manager Neil Woodford, who manages almost 30bn pounds spread out over five funds, has had repercussions across the industry. Two listed vehicles in particular, Perpetual's US parent Invesco and FTSE 250-listed Edinburgh Investment Trus
Read more29 May 2013 07:45
Edinburgh Investment Trust's call on pharmaceuticals pays off
The FTSE 250-listedEdinburgh Investment Trust, which invests primarily in UK securities, produced a net asset value (NAV) total return for the year to March 31st of 21.1 per cent debt at par and 22.4 per cent debt at market value. This was far above the total return of 16.8% for the FTSE All-Share
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Ex-divs to take 2.91 points off FTSE 100 on May 1
LONDON, April 29 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by marke
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Edinburgh Investment trumps FTSE index
FTSE 250 Edinburgh Investment Trust, which invests primarily in UK securities, said net asset value (NAV) increased more than the FTSE All-Share Index. NAV with debt at market value rose by 3% on a total return basis compared with a 1.9% rise in the FTSE index. Chairman Jim Pettigrew commented:
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FTSE 250 movers: Aquarius Platinum down on metal price
RIT Capital Partners, the investment trusted started by Lord Jacob Rothschild, was on the up on news the company is offering investors a big increase in dividends, despite reporting a drop in its net asset value (NAV). Also rising was Edinburgh Investment Trust, a group focused on UK securities, a
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London midday: Manufacturing figures pressure markets lower
- Manufacturing PMIs in UK, Eurozone, China fall - Eyes on US payrolls - BP jumps on TNK-BP sale After a bright start early on, London's blue chip index had dropped into the red by Friday lunchtime after a barrage of disappointing manufacturing data dampened market sentiment. Manufacturing purchas
Read more1 Jun 2012 08:25
London open: Stocks rise despite Chinese data
- Chinese PMI dissapoints - Ireland begins counting votes on fiscal treaty referendum - BP jumps after proposed sale of interest in TNK-BP London's Footsie index bucked the trend seen across European markets to trade firmly higher on Friday morning, ahead of some crucial payrolls data Stateside du
Read more1 Jun 2012 07:39
Edinburgh Investment grows NAV despite market turmoil
Edinburgh Investment Trust, the FTSE 250 group focused on UK securities, put in a resilient performance in the year to March 31st, growing net asset value (NAV) by a tenth in spite of the volatile market conditions during the period. NAV per share at market value increased by 10.2% over the period,
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