30th Jan 2014 15:12
LONDON (Alliance News) - Hansa Trust PLC Thursday said its net asset value rose by more than the FTSE ALL-Share Index in the first nine months of the year.
The trust said its net asset value rose by 6.9% in the nine months to December 31 2013, compared to a 2.5% rise in its benchmark over the same period.
Over the same period, its ordinary shares were down 0.8%, while its 'A' ordinary shares were up 2.0%, against a 6.8% rise in the FTSE All-Share Index.
During the third quarter, the ordinary and "A" ordinary share prices rose by 5.0% and 6.7%, respectively, compared with a rise of 4.8% in the FTSE All-Share Index.
The discount to net asset value widened on both share classes.
"The time weighted total return of the portfolio was 8.5%. The company's benchmark rose by 0.8% against a rise of 5.5% in the FTSE All-Share Index- Total Return," Hansa Trust's investment manager, Hansa Capital Partners LLP, said in a statement.
"Future returns are expected to be positive in 2014, but are likely to depend much more on individual stock-selection," according to the statement.
Hansa Trust ordinary shares were Thursday quoted at 851.00 pence, flat.
The 'A' ordinary shares were quoted at 843.50 pence, flat.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Hansa Inv.