Aberdeen - ITs smart option

The fund house thinks UK equities look set to remain attractively valued on an historic price earnings ratio, despite a recent excellent run. However, to get the best from equities, investment trust companies are looking like the best vehicles thanks to their more defensive nature, it said. Unlike unit trusts, Aberdeen said, investment trusts did not have to distribute income from the dividends they received each year and instead held money back in their revenue reserves. This could then be used when dividend payments from companies might not be as strong. As a result, they could smooth ...