LONDON (Alliance News) - Edinburgh Investment Trust PLC on Wednesday said its net asset value total return in the first half outperformed its benchmark, after growing by 6.5%.
For the six months to September 30, the trust's total return came in at 8.7%, compared to the FTSE All-Share Index's 8.3%.
Net asset value per share at September 30 was 749.12 pence, up 6.5% from 703.34p at the end of March.
Meanwhile the investment trust upped its interim dividend by 7.8% to 6.25p from 5.80p declared a year ago.
Chairman Glen Suarez said: "These six month results are reported against the continued backdrop of uncertainties arising from Brexit negotiations and global trade tensions."
However, he said the board remains confident in the investment manager's "high conviction approach to investment", which is "an appropriate approach for such uncertain times".
Suarez continued: "This approach will inevitably lead to periods in which portfolio performance diverges from that of the benchmark FTSE All-Share Index and therefore may result in periods of underperformance."
Edinburgh Investment Trust shares were trading up 0.3% at 621.00p each.
Edinburgh Investment Trust PLC (EDIN)