NAIT North American Income Trust (the) Plc

TIDMNAIT

North American Income Trust (The)

01 December 2023

North American Income Trust - Annual Overview from QuotedData

1(st) December 2023

The port in the storm

America is still showing signs of the 'exceptionalism' it covets, by being in better economic health than its developed peers, as is evidenced by its stronger gross domestic product (GDP) growth and better controlled inflation. Yet it is not all plain sailing for US equity investors, as Fran Radano, the manager of North American Income Trust (NAIT), points out. He believes that cracks are starting to show in the US's economic outlook, but the market is yet to reflect this. Given that this is coupled with what Fran believes are exuberantly-high equity valuations in segments of the US market, he has rotated NAIT into more defensive stocks. In addition, he thinks that NAIT's value-bias is better suited to the central bank's (the Federal Reserve or 'Fed') 'higher for longer' attitude towards interest rates.

Irrespective of NAIT's current positioning, its share price discount to net asset value (NAV) and value-style bias do offer a compelling opportunity for investors looking to capitalise on these trends. NAIT continues to offer the attractive dividend profile that has long characterised it, with a 4.3% yield and 12 years of progressive dividend increases, and is supported by a robust revenue reserve.

Full Research:

https://quoteddata.com/research/north-american-income-trust-port-storm-qd/

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December 01, 2023 05:52 ET (10:52 GMT)

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