29th Jul 2015 15:35
LONDON (Alliance News) - Brunner Investment Trust PLC on Wednesday said its net asset value increased in the first half of its financial year, ahead of its benchmark index.
Brunner said its net asset value per share in the six months to the end of May rose to 666.2 pence, up from 614.9p at the end of its 2014 financial year in November. The 8.3% rise is ahead of the trust's benchmark index, which is 50% the FTSE All-Share and 50% the FTSE World Index (ex UK Sterling), which rose 5.2%.
The group said its interim dividend is 6.4 pence per share, up from 6.1p a year earlier.
Brunner said its performance benefited from its holdings in the consumer services, financials and oil and gas sectors in the period, along with its overweight position in industrials and its underweight positions on utilities and basic materials.
Shares in Brunner closed up 0.1% to 571.72 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Brunner Inv.tst