Investment trust RIT Capital reported a 2.1% increase in diluted NAV per share from 1 October 2011 to date but it cautioned that, despite recent market rises, the firm remains mindful that the risks ahead are 'glaring and global'.
Diluted net asset value per share rose to 1,190.7p at 31 January and most recently NAV rose to 1,202.6p.
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
RIT's investment policy remains mindful of the view that "... the risks ahead are glaring and global," it said in today's company statement.
The investment trust also said that internally managed quoted equity now contributed 15.1% of NAV, compared to 11.6% at September 30, 2011.
Share of the London listed fund fell 1p to 1,234.00p at 10am local time.
-
The UK cities where it’s cheaper to buy a house than rentFor people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
-
Review: The Grill at the DorchesterThe Grill at the Dorchester has a new, easy-going atmosphere, but the food is serious: from punchy beef wellington to grown-up tarte tatin, says Dan McEvoy
