21st May 2014 11:29
LONDON (Alliance News) - The Merchants Trust PLC Wednesday said it delivered an absolute return in the three months ended April 30, but didn't quite match the performance of its benchmark.
The trust, which has objective of providing above average income and income growth, along with long-term capital growth by investing mainly in higher yielding UK FTSE 100 companies, said its net asset value, on a total return basis with net dividends reinvested and net of fees, increased by 4.6% in the three months ended April 30, a figure matched by its shares. Meanwhile, the FTSE 100 total return was 5.4%.
However, The Merchants Trust's longer-term performance is superior to that of its benchmark.
Financial Performance to 30 April 2014
|
|
| % change |
|
|
| ||
| 3mths | 6mths | 1yr | 3yrs | 5yrs | 10yrs | ||
Share price | 4.6 | 1.8 | 20.0 | 42.0 | 143.3 | 160.3 | ||
Net Asset Value | 4.6 | 2.0 | 12.5 | 40.3 | 136.5 | 139.5 | ||
Benchmark | 5.4 | 2.5 | 9.3 | 25.0 | 91.4 | 116.8 | ||
Merchants Trust's top three holdings at the end of April were Royal Dutch Shell PLC's 'B' shares, GlaxoSmithKline PLC, and BP PLC.
Net assets increased to GBP553.7 million from GBP550.1 million between April 30 and May 19.
The Merchants Trust shares were Wednesday quoted at 506.48 pence, up 0.3%.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Merchants Trust