30th Jul 2014 11:12
LONDON (Alliance News) - Foreign & Colonial Investment Trust PLC Wednesday reported a net asset value per share total return of 1.1% in the first half and its share price total return was 0.8%, comparing unfavourably with a total return of 3.2% for the FTSE All World Index.
The trust said that its underperformance was largely attributable to stock selection which detracted from investment performance.
In a statement, the trust said its net asset value per share was 424.9 pence at the end of the six months ended June 30. The share price was 378.2p.
The trust also said that it expects the total dividend for 2014 to be at least 9.30 pence per share, an increase of 3.3% on 2013.
The NAV figures are based on debt at market value.
By Samuel Agini; [email protected]; @samuelagini
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Foreign & Colonial Investment Trust PLC