LONDON (Alliance News) - British Empire Securities & General Trust PLC Wednesday said its net asset value rise outperformed its benchmark index in the three months to end-December.
In a statement, the company said its net asset value rose 2.7% in its fiscal first quarter compared with a 2.5% rise for the MSCI ACWI ex US index.
It said the biggest contributions came from holdings in European congolmerates, with Vivendi the best performer. The biggest underperformer was Turkish holding company Dogan, which saw its shares fall after the country was hit by a corruption scandal and ensuing political unrest.
The trust's shares were up 0.1% at 491.002 pence Wednesday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
Copyright © 2014 Alliance News Limited. All Rights Reserved.