Edinburgh Dragon takes a knock
Edinburgh Dragon Trust, the FTSE 250 Asian investment trust, saw 7.6 per cent knocked off its net asset value in the last quarter.
Edinburgh Dragon Trust, the FTSE 250 Asian investment trust, saw 7.6 per cent knocked off its net asset value in the last quarter.
However, it outperformed its benchmark, the MSCI All Country Asia (excluding Japan) Index, which fell 9% in the three months to the end of May.
The Trust, which has the objective of long term capital growth through investment in the Far East, saw its share price fall 10.7% to 225.7p over the period.
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
It reported total investments of £547.4m at the end of May, and a cash pile of £1.2m.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
RICS: Housing market continues to strengthen but 2025 could be challenging
The latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
By Ruth Emery Published
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrency
According to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
By Chris Newlands Published