This week on the Investing, Markets & Money podcast, we talk to Thomas Moore, a senior investment director with abrdn who chats to us about the abrdn Equity Income investment trust [LON:AEI]. The fund focuses on delivering an above average yield to investors, a growing stream of dividends and real growth in capital.
On the podcast we talk abut the current state of the UK equity markets and especially the financial services sector. We also discuss the recent UK general election and the autumn budget, and what that potentially means for UK stocks. Can these provide a catalyst for yield and value stocks?
Thomas also takes questions on some other important topics, like the UK interest rate environment and its impact on the UK stock market. He also shares with us his ideal characteristics for a stock for this portfolio, and we finish with a looks at Imperial Brands LON:IMB and Galliford Try LON:GFRD.
Listen: UK Equity Markets, Value Stocks, Imperial Brands and Galliford Try
Content
00:00 Intro to abrdn Equity Income Trust
01:57 Balance between yield and capital growth
05:00 Is the UK equity market undervalued vs other regions?
08:48 Sector breakdown of the trust – why so many financial stocks?
11:38 Active management – getting the yield
12:39 Maximum holdings in any one stock
13:40 Is the new Government positive for UK equities?
17:24 Does the UK budget affect Thomas’s decision-making?
21:32 Inflation and interest rates dropping – is this good news?
24:23 The ideal stock for Thomas’s portfolio
27:13 Imperial Brands – what does Thomas like about it?
31:03 Small caps in the portfolio – Galliford Try
