Personal Assets Trust update: keep faith in gold

Personal Assets Trust one of the components of the MoneyWeek investment trust portfolio, saw a rise in its premium relative to  net asset value. Saloni Sardana looks at how the trust is doing.

Personal Assets Trust (LSE: PNL),  one of the components of the MoneyWeek investment trust portfolio, saw a rise in its premium relative to  net asset value (NAV, the value of the underlying portfolio)

As of 30 April, the trust recorded a premium of 2.2%, higher than March, when the premium was 1.8%.  

The trust’s share price marginally fell from £504 to £503, and the NAV fell from £495.3 to £492.38.  

The trust underperformed its benchmark index, the FTSE All-Share index, returning 70.6% over a ten-year period, compared to 100.8% for the All-Share. But it did outperform the benchmark index on a five-year and three-year period, returning 32.4% and 27.9%, respectively compared to 26.6% and 14.1% for the FTSE All-Share Index.  

The top ten holdings were unchanged in terms of company names, but some rankings differed 

Gold bullion bars remained the trust’s biggest holding, representing 9.4% of the trust.  

Tech giant Microsoft overtook Alphabet to become the second biggest holding, representing 5%.  

Alphabet slipped from second place to third place, representing 4.7% of the trust.  

Payments processor Visa remained the fourth largest holding, representing 4.1% of the trust.  

Consumer giant Unilever moved up from seventh to fifth place, representing 3.2% of the trust.  

Food and drink company Nestle remained the sixth largest holding in the trust, representing 3.1% of the trust.  

Payments processor American Express, which was previously the fifth largest holding in March, slipped to seventh spot. The company represented 3% of the trust.  

Multinational beverage drinks company Diageo was the fund’s eighth largest holding, representing 2.8% of the trust.  

Franco Nevada, which was the trust’s eighth largest holding last month, took ninth spot, representing 2.7% of the trust.  

Medical equipment provider Medtronic remained the tenth largest holding, representing 2.5% of the trust.  

Recommended

Share tips of the week – 2 December
Share tips

Share tips of the week – 2 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
2 Dec 2022
Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022
The best offers for switching banks – get up to £200 free cash
Personal finance

The best offers for switching banks – get up to £200 free cash

Looking to move bank accounts? You can now bag as much as £200 for switching current accounts from two major banks
1 Dec 2022
UK stock market opening times: when will the stock market close for Christmas?
Stockmarkets

UK stock market opening times: when will the stock market close for Christmas?

Here is everything you need to know about UK stock market opening times during the Christmas period of 2022.
1 Dec 2022

Most Popular

Fan heater vs oil heater – which is cheaper?
Personal finance

Fan heater vs oil heater – which is cheaper?

Sales of portable heaters have soared, as households look to cut their energy costs. But which is better: a fan heater or an oil heater? We put them t…
21 Nov 2022
Best regular savings accounts – December 2022
Savings

Best regular savings accounts – December 2022

You can earn an attractive rate on the best regular savings accounts. We tell you the best on the market to take advantage of right now
1 Dec 2022
2 investment trusts with growing dividends: which one should you invest in?
Investment trusts

2 investment trusts with growing dividends: which one should you invest in?

They might not have spectacular yields but these two trusts have increased their dividend every year for 55 years.
24 Nov 2022