Scottish American sees NAV fall on Eurozone worries
The Scottish American Investment Company, an investment trust often referred to as SAINTS, saw its net asset value "total return", including income and capital, fall 11.8% in 2011.
The Scottish American Investment Company, an investment trust often referred to as SAINTS, saw its net asset value "total return", including income and capital, fall 11.8% in 2011.
During the same period the benchmark against which SAINTS is measured fell just 5.2%
Over the whole of 2011, Scottish American shares fell 11.5%.
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 has announced a final dividend of 2.4p per share bringing the full-year figure to 9.45p, or a rise of 2.2% over 2010, which, as the firm admits, is below the prevailing inflation rate.
SAINTS's Chairman, Sir Brian Ivory, conceded that 2011 had been a "difficult year" for the company, noting the effect of the Eurozone crisis on equity returns.
Shares in SAINTS had gained 0.28% by 10:00.
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.
-
Family face £100k stamp duty bill after avoidance scheme crashes in court – the mistakes to avoid
A couple faces a substantial stamp duty bill after trying to reduce the amount they owed
-
How to get a guaranteed income in retirement
Savers want certainty in retirement, with almost two-fifths naming guaranteed income as their main priority. An annuity can achieve this – but what other income options are available to supplement it?