Monks Investment Trust sees NAV decline
Monks Investment Trust has been battered by the ill winds of the Eurozone crisis in the 12 months to the end of April.
Monks Investment Trust has been battered by the ill winds of the Eurozone crisis in the 12 months to the end of April.
The trust, which is managed by Baillie Gifford & Co in Edinburgh, saw its net asset value (including capital and income) drop 4.5%. The share price total return fell 6.2% compared to the company's benchmark FTSE World Index which came in 2.6% down on the prior year.
The company's largest stake is in IP Group, of which Monks is a 3% stakeholder. That stock did well during the year but a series of investments in gold miners were a major problem, as well as an investment in poor old Research In Motion.
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 total dividend for the year has been announced as 3.95p per share, up from the 3p seen in 2011.
Monks is now very cautious on the direction of markets, saying today that: "Notwithstanding the attraction of many individual investment opportunities, significant risks remain of a systemic nature."
Over the 12 months until the end of April Monks' share price dropped 7%, since then the stock has fallen a further 2.8%.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Revolut launches its first stocks and shares ISA with BlackRock and Vanguard ETFs
A year after getting its UK banking licence, Revolut is now launching its first stocks and shares ISA with a suite of exchange-traded funds (ETFs) from BlackRock and Vanguard.
-
What does Trump’s ‘Big Beautiful Bill’ mean for the US economy?
Donald Trump’s budget bill will slash taxes, but is expected to add at least $3 trillion to US national debt