DJ Hardman & Co Research ICG Enterprise Trust (ICGT): Investor Day - defensive growth in practice
Hardman & Co Research
Hardman & Co Research ICG Enterprise Trust (ICGT): Investor Day - defensive growth in practice
10-Jul-2023 / 14:40 GMT/BST
The issuer is solely responsible for the content of this announcement.
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Hardman & Co Research on ICG Enterprise Trust (ICGT):
Investor Day: defensive growth in practice
ICGT hosted an Investor Day on 13 June 2023. The key takeaways were i) a clear, defensive-growth investment strategy,
targeting superior risk-adjusted returns over the long term, ii) a differentiated portfolio with exposure to
profitable, cash-generative businesses with downside resilience, iii) the benefits of having a dedicated investment
team focused exclusively on the trust, but leveraging Intermediate Capital (ICG) as the manager, and iv) a disciplined
approach to capital allocation with shareholder distributions through dividends and buybacks. The 1Q trading update
noted a small fall in NAV (forex-driven), with the underlying portfolio value growing 10.2% over the past 12 months in
constant currency.
Please click on the link below for the full report:
https://hardmanandco.com/research/corporate-research/investor-day-defensive-growth-in-practice/
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Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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1676555 10-Jul-2023
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(END) Dow Jones Newswires
July 10, 2023 09:40 ET (13:40 GMT)
