Dunedin Income Growth Trust: digging for quality

Ben Ritchie, co-manager of the Dunedin Income Growth Investment Trust (DIG), discusses the trust's recent performance, key challenges and investment strategy. Absolute performance has been strong, but an underweight position in banks and focus on quality held back performance on a relative basis. The portfolio contains some very strong companies, however, and underlying earnings performance continues to be positive. Ritchie remains positive in his outlook: "We also expect to continue seeing companies within the portfolio delivering good growth and distributing that back to us. Looking ahead from 2024 to 2025, we don't see any reason why the portfolio can't go on to do very well in the coming year."