Investors in the US may be preoccupied by a possible trade war with China and rising interest rates but the manager of North American Income Trust (NAIT) is relatively upbeat. He points out that the US economy is outpacing peers; markets have corrected and are some way off their peaks; investors’ narrow focus on growth stocks has abated somewhat; and, crucially for a trust that has an income mandate, dividends are set for a positive step change.
26 Oct 2018
Reasons to be cheerful
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Reasons to be cheerful
North American Income Trust PLC GBP Ord.Shs (NAIT:LON) | 291 2.9 0.3% | Mkt Cap: 396.8m
- Published:
26 Oct 2018 -
Author:
Ed Marten -
Pages:
16
Investors in the US may be preoccupied by a possible trade war with China and rising interest rates but the manager of North American Income Trust (NAIT) is relatively upbeat. He points out that the US economy is outpacing peers; markets have corrected and are some way off their peaks; investors’ narrow focus on growth stocks has abated somewhat; and, crucially for a trust that has an income mandate, dividends are set for a positive step change.