15th Oct 2013 13:39
LONDON (Alliance News) - The Scottish American Investment Company PLC Tuesday said its net asset value total return, with debt at fair value, was 1.9% over the three months to September 30, which means it was outperformed by its benchmark index's return of 3.2%.
The investment company, with a portfolio made up primarily of listed equities, both UK and overseas, said that apart from a partial sale of Industrial & Infrastructure Fund, the changes to its top twenty holdings have been a result of market movements.
The Scottish American Investment Company has actually been outperformed by its benchmark over the past five years.
Over the past five years, its NAV gave a total return performance of 52.6% compared to its benchmark index's 67.5%.
The company links the FTSE All-Share Index and the FTSE All World Ex UK Index (in sterling terms) to form its index.
The company's net asset value per share after deducting debenture at fair value was 240.3 pence on September 30.
The company's shares were Tuesday quoted at 259.0 pence, up 3.0 pence, or 1.2%
By Samuel Agini; [email protected]; @samuelagini
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