Advertisement

British Assets Trust unveils rise in net asset value

British Assets Trust reported an increase in the total return of its investment portfolio in the last quarter.

British Assets Trust reported an increase in the total return of its investment portfolio in the last quarter.

The UK investment trust posted a 3.8% rise in net asset value for the three months to December 31st, compared to a total return of 3.5% from the composite benchmarks weighted on the 80% FTSE All-Share Index and 20% FTSE World (ex UK) index.

Advertisement - Article continues below

Among the group's top holdings, Royal Dutch Shell delivered 3.9% of total assets followed by BP and BHP Billiton, at 2.9% and 2.7% respectively.

"Global markets generated a further quarter of positive returns as they climbed the 'walls of worry' surrounding the US elections, Chinese leadership handover and, at the very last minute, an initial deal on sustaining an element of the US tax cuts," the company said in a statement.

During the period a third interim dividend for the year ended September 30th, of 1.442p per share, was paid on October 5th and a final dividend of 1.786p per share will be paid on January 31st.

The group said it aims to continue to achieve a total return in excess of composite index by investing in a diversified international portfolio of equities and equity-related securities.

RD

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
The end of the bond bull market and the return of inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
How “support” and “resistance” can help you spot trading opportunities
Sponsored

How “support” and “resistance” can help you spot trading opportunities

Technical analysis can help traders manage risk and decide where to enter and exit a trade. One simple form of technical analysis is the concept of “s…
6 Jul 2020