World Trust Fund's Quarterly NAV Rises But Underperforms Benchamark

Tue, 05th Aug 2014 11:03

LONDON (Alliance News) - The World Trust Fund said its net asset value rose in its last quarter, but still underperformed its benchmark.

The fund aims to achieve long-term capital appreciation by investing in companies, in the main closed-end investment companies.

The World Trust Fund said its net asset value rose 2.3% in the three months to June 30, compared with a rise of 5% in the MSCI All Countries World Index.

The fund's share price rose by 2.8% in sterling terms to 222 pence.

Shares in The World Trust Fund were untraded before midday Tuesday at 219.50 pence.

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

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