IN BRIEF: Ruffer Investment Co has negative return in June
Ruffer Investment Co Ltd - Guernsey-registered investment trust managed by London-based Ruffer LLP - Net asset value per share is 301.70 pence on June 30, down 1.3% from 305.67 pence a month before. The June decline in NAV swings the trust's return in 2026 so far to negative 0.1% from positive 1.2% at the end of May. However, NAV per share remains up 4.4% over the past 12 months. Ruffer says the "marginally negative" performance last month was due to "protection assets losing value as volatility retraced, and some of the contrarian growth exposure continuing to decline". More positive was the trust's increased exposure to the US dollar, which benefited from the expectation of a US rate hike this year following the first Federal Reserve policy meeting under Chair Kevin Warsh. Read More