Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

North American Income: are dividends finally edging out buybacks?

Paul Atkinson, manager of the £296 million North American Income trust, tells Wealth Manager why be believes US companies are coming around to dividends after long favouring buybacks.

Atkinson also makes the case for sticking with the temporarily unpopular but high-quality consumer staples, even though this has cost the fund some relative performance.

Over the past three years North American Income has returned 30.6%, compared with 45.1% from the S&P 500 index.

Yet Atkinson maintains that, particularly in a low-growth environment, reliable dividend payers will prove their worth.

The North American Income trust is furthermore distinct from its peers in running a small bond portfolio and in using option overlays to boost revenues, and Atkinson explains how he is handling those exposures at the moment.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: from Batman Live to commodity beta

Profile: from Batman Live to commodity beta

Charteris may be a family affair, but the company is not at any risk of turning sentimental

Wealth Manager on Twitter