Investment trust JPMorgan Claverhouse is in pretty good shape. Bar any shocks in the coming months, the £507 million fund is well on its way to delivering 53 years of annual dividend growth.
And with interest rates cut on Thursday to 4 per cent, the managers of the UK-focused trust are very much in a positive mood.
‘The trust’s dividend record cannot be sniffed at,’ says Anthony Lynch, part of a three-strong team at JPMorgan Asset Management that oversees the fund’s 63-stock portfolio.
‘Bar City of London, no other trust investing purely in UK equities has a longer record of income growth and the annual increase over this period has averaged 9 per cent – well ahead of inflation.’
So far this financial year,…
