North American Income Trust
America may still be in better economic health than its developed peers, yet Fran Radano, the manager of North American Income Trust (NAIT), says that it is not all plain sailing for US equity investors. He believes that cracks are starting to show, but the market is yet to reflect this. Given that this is coupled with what Fran believes are exuberantly-high valuations in segments of the US market, he has rotated NAIT into more defensive stocks. In addition, he feels that NAIT’s value-bias could be better suited to the Fed’s ‘higher for longer’ attitude towards interest rates.Irrespective of NAIT’s current positioning, its discount and value bias may offer an opportunity for investors looking to capitalise on these trends. NAIT continues to offer a 4.3% yield, 12 years of progressive dividend increases and is supported by a robust revenue reserve.
North American Income Trust is a closed-end investment company. Co.'s investment objective is to provide investors with dividend income and long term capital growth through active management of a portfolio consisting primarily of S&P 500 U.S. equities.
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