Shires Income: Chairman’s statement
In his first statement to shareholders, Chairman Robin Archibald comments on the trust's recent performance, portfolio activity, and macroeconomic outlook.
The Company’s investment objective is to provide shareholders with a high level of income, together with the potential for growth of both income and capital from a diversified portfolio substantially invested in UK equities but also in preference shares, convertibles and other fixed income securities.
Investment managers Iain Pyle and Charles Luke have managed Shires Income since May 2018, following the quality focussed process and philosophy of the 15 strong UK equities team at abrdn (one of the best resourced UK equity teams in the industry).
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested.