5th Jun 2015 14:19
LONDON (Alliance News) - Personal Assets Trust PLC said Friday it outperformed its benchmark in the year to end-April, posting a total return on net asset value per share of 4.8%.
This compared with a 3.9% total return from the FTSE All-Share Index.
"In a benign year for markets we kept pace with their modest rise as equities held on to their strong gains of recent years, buoyed on an ever-rising tide of liquidity," said the trust's Investment Adviser Sebastian Lyon in a statement.
The trust said it maintained a high level of liquidity during the year, and at the end of April, liquidity was 59.9%. This included 22.1% in UK cash and cash equivalents and 37.8% in various classes of non-equity risk assets
Shares in Personal Assets Trust are trading down 0.6% at 34,970.88 pence Friday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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