10th Mar 2014 11:57
LONDON (Alliance News) - Dunedin Smaller Companies Investment Trust PLC Monday said that its net asset value underperformed its benchmark in its most recent quarter.
For the three months ended January 31, the trust reported net asset value growth of 5.9%, compared with the 7.1% return from its benchmark. Its share price rose 9.8% over the same period.
The trust's largest equity holdings as at January 31 were in Wilmington Group PLC and XP Power Ltd, with its largest investments in the industrial and consumer services sectors.
The trust's objective is to achieve long term growth from a portfolio of smaller companies in the UK.
Shares in the trust were trading 0.9% higher at 230.74 pence per share before midday Monday.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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Dunedin Smaller Cos. Investment Trust PLC