20th Aug 2014 11:47
LONDON (Alliance News) - Edinburgh Worldwide Investment Trust PLC said Wednesday that it had outperformed its benchmark in the quarter to July 31.
The trust posted a total return on net asset value of 4.4%, beating a total return of 1.3% compared to the S&P Citigroup Global Small Cap Index in sterling terms. Before February 1, 2014, it measured its performance against the MSCI All Countries World Index in sterling terms.
The trust is focused on a global portfolio of initially immature entrepreneurial companies, that typically have a market capitalisation of less than USD5 billion at time of initial investment, which it believes offer long-term growth potential.
Shares in Edinburgh Worldwide Investment were trading up 0.5% at 378.00 pence Wednesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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