Investment trust, British Assets Trust, has seen its net asset value (NAV) rise broadly in line with its benchmarks as equities recovered in the first three months of 2012.
The NAV total return for the six months to the end of March was 15.9% against the benchmark return of 15.5%. Over the same period the share price gained 14.4% and the dividend yield was 4.8%.
The NAV was 0.5% ahead of the share price by the end of the period, at £386,439,000.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company believes that, given the austerity measures being adopted by the UK and the difficulties in the Eurozone "in the near term, economic growth is likely to be stronger in the US than elsewhere in the developed world. In emerging markets, and in China in particular, signs of monetary easing as inflation fears subside should enable a 'soft landing'. The [investment] managers therefore continue to favour overseas equity markets."
BS
-
What will 2024 general election mean for UK house prices?UK house prices have been seeing a spring bounce. But has Rishi Sunak’s snap election changed the property market’s outlook?
-
What will the general election mean for your taxes?Taxes are in focus as we race towards the 4 July general election. What can you expect from the two main parties?
