Alliance Trust investment portfolio outperforms market benchmark

The results for the six months to June 30 show the trust’s equity portfolio outperformed its MSCI ACWI benchmark by 4.2 per cent in the period.

Total shareholder return was 10.8% in the half year and the group’s net asset value total return was 12.4 per cent, compared to its benchmark performance of 6.4 per cent.

The company maintained its 50-year record of progressive dividend payments and declared a payout of 3.29 pence per share for the period, due payable on October 2.

Alliance Trust chairman Lord Smith of Kelvin said: “This has been a transformational period for the trust. We are pleased that the equity portfolio outperformed its benchmark against an uncertain market backdrop, all while transitioning to our new alliance of best ideas investment approach.”