Personal Assets NAV Falls 3.7%; Underperforms Benchmark

LONDON (Alliance News) - Personal Assets Trust PLC Wednesday said its net asset value per share fell by 3.7% in its last fiscal quarter ended January 31, underperforming its benchmark which fell by 2.5%.

"Universally low yields have been a painful thorn in our side for the past two years. Not holding more in equities these last 12 months was a blow on the chin, but holding alternatives that demonstrated a negative correlation to rising stocks has been a more painful punch to the stomach," the trust said.

Central banks have kept interest rates at historic lows, meaning that investors have found it increasingly difficult to find attractive returns.

Personal Assets is an investment trust run expressly for private investors.

Its shares closed 1.1% lower Wednesday at 32,790.00 pence.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty

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Personal Assets Trust