Email of the day (2)
Comment of the Day

November 12 2013

Commentary by Eoin Treacy

Email of the day (2)

on UK funds that include Autonomies
“For a lazy approach not wishing to nit-pick autonomies I have been looking at TIGT, PNL & UKDV - I wonder if you have a view on these not so much from a technical perspective but more so on a fundamental make-up in terms of best fit to your current high level outlook. Perhaps I have missed UK based instrument which best fits and perhaps you have one you would prefer should you decide not to nit-pick from the vast array of 134 I think it was you mentioned, autonomies”

Eoin Treacy's view Thank you for this email which may be of interest to other subscribers. The number of instruments focusing on the types of companies we regard as Autonomies has increased over the last number of years as stock markets have improved and investors have sought a safe haven in shares with reliable yields. There is a degree of cross pollination between S&P’s dividend aristocrats and our Autonomies designation because the former tend to have global businesses which help support their dividend growth records.

Troy Income & Growth Fund, Personal Assets Trust and the SPDR S&P UK Dividend Aristocrats ETF all contain a number of Autonomies, but none make global leadership a selection criterion. As with any investment, the consistency of their respective trends is a primary concern. PNL’s recent loss of consistency is a cause for concern from the perspective of an investor.

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