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ii Super 60 - North American Income IT

ii Super 60 investments:
North American Income IT

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Asset Group Asset Sub-Group Investment Category
Equities US equities Income

Selection rationale:
Part of the Aberdeen Standard Investments stable, North American Income boasts a quarterly dividend and a reasonable yield. Part of the Aberdeen Standard Investments stable, its managers Ralph Bassett and Fran Radano, who took over the management in 2015, are experienced investors in the North American equities team.

They describe the trust’s portfolio as having a ‘thoughtful balance’ of bellwether, defensive, low volatility stocks, such as enduring consumer staples brands and global healthcare franchises, combined with cash-generative growth companies, such as technology and industrial stocks. They are also able to hold fixed income securities and use options to dampen volatility and add income for investors.

Bassett and Radano take a team-based, research-intensive approach. They meet with all the companies they invest in so that they can understand their business models as well as trying to spot any weaknesses.

They like financial stocks as they believe this sector is likely to benefit from less regulation under the Trump administration, as well as higher net interest margins as rates move higher.

They believe that overall, macroeconomic conditions remain conducive to broad-based corporate growth and, notwithstanding some ‘emerging yellow flags’, the broader economy is ‘not destined to roll over any time soon’, they say.

Shares in the trust typically trade at a mid to high single digit discount to net assets.

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The information we provide in the Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. None of the opinions provided are a “personal recommendation”, therefore you should ensure that any investment decisions you make are suitable for your personal circumstances. Past performance of the underlying constituents is not a guarantee of future performance. Remember, the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.