26th Nov 2015 15:44
LONDON (Alliance News) - The Lindsell Train Investment Trust PLC on Thursday said it outperformed its benchmark in its first half to end-September.
The trust reported a total return on net asset value of 2.05%, beating its benchmark, which saw a total return of 2.00%. It also outperformed the MSCI World Index in sterling terms, which saw a negative total return of 10%.
The biggest contributor to the trust's performance was a rise in the valuation of its 24.42% holding in investment management firm Lindsell Train Ltd, which rose 13% during the half year.
The trust also cited positive performances from Nintendo and Modelez, which offset hits from weaker performances from UK-listed AG Barr PLC and Pearson PLC, which fell 14% and 22% respectively.
Shares in Lindsell Train Investment were down 0.3% at 561.05 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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