8th Mar 2018 08:57
Alliance Trust's total shareholder return for 2017 was 19.2%, with the net asset value total return 18.5%, compared to the MSCI All Country World Index's 13.8% return.
Its equity portfolio total return from April, when the new investment approach began, was 9.8% compared to the benchmark's 7.6% performance.
Net asset value per share at the end of 2017 was
Alliance Trust is paying a final dividend of 3.29p per share, taking the total to 13.16p, which is 3% higher than 2016's return.
One downside to the year was the poor performance of Alliance Trust Savings, whose fair value was reduced to
Alliance Trust appointed Willis Towers Watson as its investment manager after a strategic review in 2016, and eight new managers were appointed ruing March 2017 to implement a new strategy. This, it said, has led to "encouraging" performance since then.
Performance was boosted by exposure to information technology and healthcare stocks, with much of the outperformance in these two sectors.
Chairman Robert Smith said: "While our new high-conviction, multi-manager investment approach has been available to institutions for some time, Alliance Trust brings the approach to a wider audience for the first time. I am pleased that the new approach has already demonstrated it can deliver outperformance at competitive cost.
"Looking ahead, 2018 is the trust's 130th year and the first anniversary of the new investment approach. The board believes we have the foundations in place to deliver strong and sustainable performance for our shareholders, whatever conditions global markets bring. The new investment approach is a compelling offering and we look forward to continuing to invest for generations to come."
Shares were up 0.3% on Thursday at a price of 730.46p each.
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