Dunedin Income Growth: positioning for resilient returns across market cycles

Ben Ritchie and Rebecca Maclean, co-managers of Dunedin Income Growth Investment Trust (DIG), discuss recent portfolio changes, including additions such as Tesco, Softcat and Experian, alongside exits where fundamentals have weakened. They explore why UK mid-cap valuations look compelling, the impact of interest rates, geopolitics and investor flows, and how a focus on cash generation, dividend growth and a differentiated sustainable investment approach underpins the Trust’s long-term income and return objectives.