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IN BRIEF: Brunner Investment Trust underperforms benchmark in 1st half

23rd Jul 2025 14:58

Brunner Investment Trust PLC - invests in companies globally for growth and reliable dividends - Net asset value with debt at fair value on May 31, the end of the company's financial first half, is 1,425.2 pence per share, down 2.4% from 1,459.6p on November 30. Brunner pays a 12.5p dividend for the first half, up 5.9% from 11.8p a year before. NAV total return with debt at fair value is negative 1.5% for the half-year, though positive 13% over the 12 months from May 31, 2024. This compares to negative 0.1% and positive 14%, respectively, for the trust's benchmark, a 30%-70% weighting of UK and ex-UK stock indices.

"While this modest underperformance is disappointing, it is important to understand the context," comments Chair Carolan Dobson. "The portfolio's underweight to the US - which had previously been a headwind - proved beneficial as US equities underperformed. However, sector-specific challenges, particularly in Healthcare, weighed on returns."

Share price total return for the half is negative 3.9% as the discount widens.

Current stock price: 1,420.00p, up 0.6% in London on Wednesday

12-month change: up 3.7%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


Related Shares:

Brunner Inv.tst
FTSE 100 Latest
Value9,068.58
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