14th Sep 2020 16:00
Martin Currie Global Portfolio Trust PLC - investment company focused on long-term returns in excess of the total return from the MSCI All Cos World index - July 31 NAV per share 324.6 pence compared to 301.9p at January 31. Net assets rise to GBP265.6 million from GBP251.7 million. NAV total return in six month period 8.4% compared to benchmark growing only 0.2%. Interim dividend unchanged at 1.80p.
"Part of this outperformance was while the markets were falling and part as they recovered. This illustrates the resilience of the portfolio's investments to major shocks, reflecting the manager's in-depth research and relentless focus on companies with long-term growth potential, high ROICs and strong balance sheets," Chair Neil Gaskell said.
The fund's investment manager, Zehrid Osmani, added: "We were pleased to show that our approach and investment philosophy of focusing on sustainable quality growth opportunities has provided resilience to the portfolio during the market sell-off, whilst at the same time showing good performance in rising phases of the market."
Current stock price: 342.00 pence
Year-to-date change: up 13%
By Paul McGowan; [email protected]
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