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(Alliance News) - Scottish Mortgage Investment Trust PLC on Monday said its performance improved in the first half of its financial year.
The Edinburgh-based company reported net asset value per share as at September 30 of 1,381.1 pence, up 16% from 1,195.1p at the end of March.
The trusts said it will pay a interim dividend of 1.52p, an increase of 4.8% over last year's payment of 1.45p.
Scottish Mortgage Investment Trust's allocation to healthcare and biology companies has grown to 21% from 12% a year ago, the company noted. Its largest holding, Covid-19 vaccine maker Moderna Inc, has been the greatest contributor to this change.
"We continue to see opportunities for technology platforms to improve resource allocation in the economy across a growing range of areas such as freight, food and finance," the company said in its statement Monday.
"Our attention remains focused on maximising returns over the next ten years for Scottish Mortgage shareholders. We have no right to claim insight over the possible gyrations of stock markets over shorter time periods," it added.
Scottish Mortgage Investment Trust shares were trading 0.4% lower in London on Monday at 1,522.31p each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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