Standard Life Equity Income Trust (SLET)

Business description

Standard Life Equity Income Trust (SLET) aims to provide shareholders with an above-average income from their equity investment while also providing real growth in capital and income. It seeks to achieve this through a diversified portfolio of between 50 and 70 equity holdings. The benchmark is the FTSE AllShare index.

Stock data

Market cap.£219.3m
Last close446.00p
High / Low (52 weeks)455.0p / 371.5p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment Trust Watch: the hidden gem in UK Income

Fri, 21 Oct 2016 16:19:45 GMT

Standard Life Equity Income Trust PLC (SLET.L)'s Technicals Placed in the ...

Tue, 25 Jul 2017 10:31:19 GMT

Bargain hunter: Three 'cheap' trusts on wide discounts

Fri, 23 Jun 2017 14:15:00 GMT

Standard Aberdeen: analysts eye investment trust overlap

Mon, 06 Mar 2017 09:33:45 GMT

Hargreaves Lansdown: The three best investment trusts for income in 2017

Thu, 23 Mar 2017 17:03:45 GMT

Investment summary

Standard Life Equity Income Trust (SLET) aims to generate above-average income and real growth in capital and income from a portfolio of UK equities across the capitalisation spectrum. At end-December 2016, more than 55% of the portfolio was invested outside of the FTSE 100 index. While the last year has seen a tough period of relative investment performance as a result of outperformance of large-cap companies with overseas earnings, which were not held, SLET continues to have a good long-term track record; it has outperformed the benchmark FTSE All-Share index over both five and 10 years. With the exception of one year of static dividends, SLET’s annual dividend has increased every year since launch.

Last updated on 30/01/2017

Key management

Thomas Moore, Fund manager
Evan Bruce-Gardyne, Head of investment trusts

Company address

1 George Street
Edinburgh
EH2 2LL
United Kingdom
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