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%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
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
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published