21st Jun 2022 12:18
Momentum Multi-Asset Value Trust PLC - London-based investor focused on long term capital growth - Net asset value underperforms benchmark for the year ended April 30. Net asset value total return at positive 0.9% versus benchmark at positive 15%. The firm's benchmark is the consumer price index plus 6% per year. Declares fourth interim dividend of 2.16 pence per share, bringing the total annual dividend to 7.20p per share, up 7.1% to a year ago.
Regarding its outlook, company says: "MAVT's portfolio should provide some downside protection to the worst of any significant stock market shocks, as well as do much to protect against the worst of the effects of inflation. There are always gains to be made however gloomy the background."
Current stock price: 173.50 pence, down 0.6% on Tuesday
12-month change: down 6.6%
By Tom Budszus; [email protected]
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