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Herald Investment Trust returns beat benchmarks

By BFN News | 08:53 AM | Wednesday 18 July, 2018


Herald Investment Trust said Wednesday net asset value per share rose 9.6% in the first half of 2018 as the both the UK, and US segments of the portfolio topped their respective benchmarks. For the six months to 30 June, net asset value per share rose 9.6% to 1506.45p as the UK, which accounts for 56% of the company's portfolio, returned 9.1% relative to the Numis Smaller Companies Index plus AIM (excluding investment companies) return of -0.4%. The North American component of the portfolio returned 18.7% against the sterling return for the Russell 2000 Technology Index of 15.8%. The smaller Asian segment returned 8.6% and the EMEA region returned 2.6%. 'The world seems to be set for some monetary tightness, but the technology and media sectors which this Company targets should not suffer from rising interest rates as much as yield stocks, or those sensitive to interest rate hike,' the company said. At 8:53am: (LON:HRI) Herald Investment Trust Plc share price was +5p at 1305p Story provided by StockMarketWire.com

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