Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of 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

Paul Atkinson
Paul Atkinson
59/69 in Equity - North America (Performance over 3 years) Average Total Return: 49.81%
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter