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
-
Is a mortgage in retirement always a bad idea?A mystery shopper exercise shows high street lenders are “shunning” retirees looking to take out a mortgage. Are they right to do so?
-
Three funds to consider as UK small caps trade at 30% discountUK small caps have been unloved for some time, but a shifting economic environment could give them a boost
