News Column

Manchester and London Investment Trust Underperforms

June 19, 2014

Samuel Agini

LONDON (Alliance News) - Manchester and London Investment Trust PLC Thursday said its net asset value return of 2.0% lagged the 4.4% of the Dow Jones UK Total Stock Market Index between the start of February and Wednesday last week.

In a statement, the trust said its share price return fell by 4.1% over the same period. The trust targets capital appreciation together with a reasonable level of income. The trust said its NAV was recorded at 301.6 pence last Wednesday, a fall from the 306.0 pence recorded on June 11, but higher than the 299.9 pence recorded at the end of January.

The trust's shares were Thursday quoted at 260.50 pence, up 0.3%.

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Source: Alliance News

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