18th Jan 2021 16:41
Bankers Investment Trust PLC - Aims over the long term to achieve capital growth in excess of the FTSE World Index and annual dividend growth greater than inflation - Net asset value ends October at 976.3 pence, up versus 948.7p at the same point the year before. Dividend grows to 21.54p from 20.90p. Annual NAV total return 5.3% versus FTSE World Index growing 4.3%. Notes four of its regional portfolios delivered positive returns and all outperformed their respective local benchmarks over the financial year apart from the Pacific (ex Japan and China) portfolio, the performance of which was "severely hampered" by its value and income investment style.
Says NAV total return in the current financial year to January 14, 2021 was 13.6%, which compares with a total return of 14.3% by its benchmark, but is optimistic about the returns for global equities over the coming year.
Current stock price: 1,106.00 pence
Year-to-date change: up 0.2%
By Paul McGowan; [email protected]
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