19th May 2016 07:46
LONDON (Alliance News) - Caledonia Investments PLC on Thursday said it managed to deliver a net asset value total return in the financial year to the end of March and has continued to outperform its benchmark.
Caledonia said its net asset value total return for the year to March 31 was 2.6%. The group does not benchmark itself over a one-year performance period and instead benchmarks its ten-year performance against that of the FTSE All-Share Total Return. For the year, however, it did outperform the benchmark, which fell 3.9%.
For the past ten years, Caledonia's net asset value total return was 71.6%, ahead of the return provided by the FTSE All-Share.
Caledonia said the volatility which has hit global markets of late has been more than offset by a strong performance for its unquoted and funds investments.
The group also said its annual dividend for the year will be 52.6 pence, up from 50.6p a year earlier.
"Our investment strategy focuses on high quality businesses and funds providing shareholders with a balanced exposure to asset classes and markets. This has been key in our ability to maintain our outperformance of the FTSE All-Share over the long term. Markets remain volatile, however, we are confident that our investment strategy will continue to deliver its return objectives over the long term, including a sustainable growing annual dividend," said Chief Executive Will Wyatt.
Caledonia shares were up 0.3% to 2,430.00 pence Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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