This update provides a summary of the monthly performance of Dunedin Income Growth Investment Trust PLC for July 2023. The report includes the latest fund managers' commentaries on their portfolios, performance summaries, largest holdings, geographical breakdowns, sector allocations, and current gearing levels.
In terms of regional performance, Asian markets continued to make gains in July, driven by hopes of new measures to stimulate China's economy. Global equities also performed well, with positive performance centered around emerging market exposures. Japanese equities continued their ascent, while UK equities performed well due to better-than-expected inflation figures.
The report also highlights the performance of specific investment trusts managed by abrdn, including abrdn Asia Focus plc, abrdn Asian Income Fund Limited, abrdn China Investment Company Limited, abrdn Diversified Income and Growth plc, abrdn Equity Income Trust plc, abrdn European Logistics Income plc, abrdn Japan Investment Trust plc, abrdn New Dawn Investment Trust plc, abrdn New India Investment Trust plc, abrdn Private Equity Opportunities Trust plc, abrdn Property Income Trust Limited, abrdn Smaller Companies Income Trust plc, abrdn UK Smaller Companies Growth Trust plc, Asia Dragon Trust plc, Murray Income Trust PLC, Murray International Trust PLC, Shires Income PLC, The North American Income Trust plc, and UK Commercial Property REIT.
The update also provides links to recent broadcasts, including an Asia Pacific ex-Japan quarterly update, a Dunedin Income Growth Investment Trust manager update, an investing in India podcast, and a Shires Income manager update.
Investors are reminded that investment involves risk and past performance is not a guide to future results.