Edison Investment Research - Aberdeen Standard Equity Income Trust (ASEI) Standard Life Equity Income Trust - Investment performance back on track

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Edison Investment Research

Mel Jenner

Standard Life Equity Income Trust - Investment performance back on track

Standard Life Equity Income Trust (SLET) aims to generate above-average income and real capital and income growth from a relatively concentrated portfolio of cÂ 50-70 UK equities. Since 2011, SLET has been managed by Thomas Moore, who says that the trustâ€™s strong revenue growth is leading to higher dividend growth. The board has indicated that the FY17 annual dividend will be at least 9.1% higher than in FY16. Following a tough period of relative performance surrounding the Brexit vote, as companies with domestic businesses underperformed those with overseas operations, the manager is now more positive on the outlook. SLETâ€™s performance is improving versus both the FTSE All-Share benchmark and its peer group. Moore is placing greater emphasis on higher-growth smaller companies that are reasonably valued and have faster-than-average dividend growth.

07/08/2017 9 EN

Underlying

Aberdeen Standard Equity Income Trust

Standard Life Equity Income Trust is an investment company and carries on business as an investment trust. Co. provides a managed portfolio of U.K. quoted companies. The management of Co.'s investments and the day to day operation of Co. is delegated to Standard Life Investments (Corporate Funds) Limited.

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GB0006039597 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Mel Jenner

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