2nd Jun 2016 16:20
LONDON (Alliance News) - Personal Assets Trust PLC on Thursday said that over the year ended April 30 its net asset value per share rose by 5.0%, versus a fall of 9.0% in the FTSE All-Share Index.
PAT's share price rose by GBP21.80 during the year and at the end of April stood at GBP372.50.
"The investment policy of Personal Assets is to protect and increase (in that order) the value of shareholders' funds per share over the long term. In practical terms this means that we try to make as much profit as we safely can when markets rise and minimise losses or even achieve modest gains when markets fall. This we succeeded in doing over the twelve months to April 30," Chairman Hamish Buchan said in a statement.
Shares in PAT closed unchanged at 36,890 pence Thursday.
By Samuel Agini; [email protected]; @samuelagini
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