Mercantile Investment pips All-Share

The Mercantile Investment Trust, one of the oldest and largest investment trusts in the UK, showed a decent turn of foot for a 128-year-old company in the first half of the company's financial year.

The Mercantile Investment Trust, one of the oldest and largest investment trusts in the UK, showed a decent turn of foot for a 128-year-old company in the first half of the company's financial year.

The trust, which aims to provide income and capital growth through opportunities in UK mid and small cap stocks, saw a net asset value total return in the six months to the end of July of 6.7%, four-fifths of a percentage point better than the return of the FTSE All-Share, the index against which it benchmarks its performance.

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