America is still showing signs of the ‘exceptionalism’ it covets, by being in better economic health than its developed peers, yet it is not all plain sailing for US equity investors, as Fran Radano, the manager of North American Income Trust (NAIT), points out. 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...
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...
North American Income Trust (NAIT) adopted its income strategy in May 2012 and, for most of the nearly 11 years that this has been in place, there has been a headwind to value investing in the form of easy money policies. However, a marked uplift in inflation, bringing with it rises in interest rates, has seen the market re-embrace value stocks. This has been to NAIT’s benefit, pushing it up its peer group rankings over the last year, as most funds in the North America sector now have a growth b...
North American Income Trust (NAIT) adopted its income strategy in May 2012 and, for most of the nearly 11 years that this has been in place, it appears that there has been a headwind to value investing in the form of easy money policies. However, following a marked uplift in inflation, bringing with it rises in interest rates, the market looks to have re-embrace value stocks. This has been to NAIT’s benefit, pushing it up its peer group rankings over the last year, as most funds in the North Ame...
After a few difficult years, the North American Income Trust (NAIT) has plenty to feel good about in 2022, according to its manager, Fran Radano. It has enjoyed a turnaround in relative performance as its value style of investing has come back in favour. Investors seem to have been rotating away from growth stocks on the back of inflation fears. Acknowledging these fears, Fran is confident that the trust can provide an income stream that should outpace US inflation. Meanwhile, the trust, which h...
After a few difficult years, the North American Income Trust (NAIT) has plenty to feel good about in 2022. It has enjoyed a turnaround in performance as its value style of investing has come back in favour. Investors have been rotating away from growth stocks on the back of inflation fears. Acknowledging these fears, NAIT’s manager, Fran Radano, is confident that the trust can provide an income stream that should outpace US inflation. Meanwhile, the trust, which has been run in its current form ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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