North American Income Trust (The) Update research from QuotedData
10 Febrero 2023 - 8:40AM
RNS Non-Regulatory
TIDMNAIT
North American Income Trust (The)
10 February 2023
North American Income Trust - Update research from
QuotedData
10(th) February 2023
As headwind turns tailwind
North American Income Trust (NAIT) adopted its income strategy
in May 2012 and, for most of the nearly 11 years that this has been
in place, it appears that there has been a headwind to value
investing in the form of easy money policies. However, following a
marked uplift in inflation, bringing with it rises in interest
rates, the market looks to have re-embrace value stocks. This has
been to NAIT's benefit, pushing it up its peer group rankings over
the last year, as most funds in the North America sector now have a
growth bias.
While US inflation has been falling for some months now, it
remains at an elevated level and perennially-low interest rates
could be a thing of the past. If so, NAIT might be well positioned
for an extended period of outperformance. Its quality bias could
also provide some comfort if the economic backdrop were to become
more challenging. In the meantime, a 3.4% yield means that
investors are paid to wait, plus its discount leaves it modestly
cheap versus its longer-term averages.
Full Research:
https://quoteddata.com/research/north-american-income-trust-headwind-turns-tailwind-qd/
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