2nd Apr 2014 17:06
LONDON (Alliance News) - The Mercantile Investment Trust PLC Wednesday said it marginally outperformed its benchmark over its last financial year.
In a statement, the trust said it delivered a positive share price return of 36.6% in the year to the end of January.
The trust said its managers marginally outperformed the benchmark, the FTSE All-Share index excluding FTSE 100 constituents and investment companies, with a return of 27.7% against 27.5% for the benchmark. The discount narrowed significantly during the year from 15.3% to 9.8%.
The Mercantile Investment Trust Wednesday closed at 1,585.00, up 0.3%.
By Samuel Agini; [email protected]; @samuelagini
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