Aberdeen Equity Income Trust: combining high dividend yield with capital growth

Thomas Moore, manager of Aberdeen Equity Income Trust (AEI), explains how the trust aims to deliver attractive income alongside long-term capital growth through a disciplined focus on valuation. He outlines recent performance, the importance of cash flow-driven dividends, and how low starting valuations can create opportunities for re-rating. Thomas also discusses the trust’s flexibility across sectors and geographies, the role of M&A activity, and why mispriced UK equities continue to offer compelling opportunities for income-focused investors.