24th Jan 2014 16:57
LONDON (Alliance News) - Securities Trust of Scotland PLC said Friday that it had underperformed its benchmark in the quarter ended December 31.
The investment trust saw its net asset value per share rise 2.9% during the period, but lagged behind its benchmark, the MSCI World High Dividend Yield, which rose 4.0%
Net asset value was hit by investments in Thai telecoms company Shin Corp, Australian engineering consultancy firm WorleyParsons and Japanese vehicle manufacturer Nissan.
Securities Trust of Scotland close down 1.1% at 141.25 pence Friday.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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