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Share Price Information for Montanaro (MTE)

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Share Price: 139.50
Bid: 139.00
Ask: 140.00
Change: -3.00 (-2.11%)
Spread: 1.00 (0.719%)
Open: 140.50
High: 140.50
Low: 139.00
Prev. Close: 142.50
MTE Live PriceLast checked at -
Montanaro European Smaller Companies is an Investment Trust

To achieve capital growth by investing principally in Continental European quoted smaller companies.

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Montanaro European Smaller Co Annual Net Asset Value Beats Benchmark

Mon, 06th Jun 2016 07:25

LONDON (Alliance News) - Montanaro European Smaller Companies Trust PLC on Monday said its net asset value per share beat its benchmark in its recently-ended financial year.

The trust's NAV per share rose by 11% in the year ended March 31, ahead of its benchmark the MSCI Europe SmallCap (ex UK) Index which increased by 7.6%.

Montanaro said its returns benefited from strong underlying currencies, particularly the euro.

"The outlook for our portfolio remains encouraging, supported by record low interest rates, an improving employment situation and a benign inflation outlook. Historically, such a backdrop has proven to be positive for smaller companies, which tend to derive a greater portion of their profits from the domestic economy than larger companies," Chairman Andrew Irvine said in a statement.

"As always, there will be a number of geopolitical and economic events this year that will drive headlines and move markets. But it is important not to let these divert attention away from long-term investment decisions," he added.

Shares in Montanaro were trading up 0.2% at 562.00 pence on Monday morning.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

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