8th May 2014 12:16
LONDON (Alliance News) - Murray Income Trust PLC Thursday said its net asset value, including current year revenue, fell by 0.3% in the first three months of 2014, slightly better than the FTSE All-Share's 0.6% fall but behind the FTSE 350 Higher Yield's positive 0.1%.
However, it outperformed both indices in the month of March alone, reporting a 1.0% slip to their 2.6% falls.
The trust, which targets a high and growing income combined with capital growth by investing mostly in UK equities, said its NAV, including current year revenue, was 781.9 pence at the end of March.
At the end of March, the trust allocated 21.4% of its exposure to the financials sector, its highest single allocation.
Murray Income Trust shares were Thursday quoted at 792.00 pence, up 0.6%.
By Samuel Agini; [email protected]; @samuelagini
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