12th Nov 2020 18:01
Capital Gearing Trust PLC - Belfast, Northern Ireland-based investment trust - Net asset value per share 4,409.0 pence as at October 5, up from 4,084.2p April 5 and from 4,268.3p the year before. Chair Jean Matterson says: "The company's returns over the last six months were boosted by strong performance from the equity portfolio as stocks bounced back after their initial setback following the emergence of the Covid pandemic in early March, just before our year end."
Matterson: "The outlook remains as uncertain as it has all year. Our manager has achieved what they set out to do, which is to protect shareholders' real wealth and to provide an absolute return, in what has proved to be very difficult and volatile markets. They maintain an emphasis on inflation-linked assets, given their view that inflation will emerge at some point."
Current stock price: 4,580.00p
Year-to-date change: up 4.5%
By Anna Farley; [email protected]
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