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Scottish Investment Trust lags comparator indices

By BFN News | 03:39 PM | Tuesday 23 February, 2010

Scottish Investment Trust was outperformed by its principal comparator indices on a total return basis in the three months to the end of January. The firm said ex-income net asset value rose by 2.7% with borrowings at par and by 3.5% with borrowings at market value. The company's principal comparator indices, the FTSE All-World Index and the UK FTSE All-Share Index, rose by 4.2% and 2.9% respectively. The company's share price rose by 3.2% and the share price discount to ex-income NAV widened from 8.9% at the year-end to 9.1% (with borrowings at market value). On a total return basis, the cum-income NAV with borrowings at market rose 3.4% over the period compared with 4.6% for the FTSE All-World Index and 3.6% for the FTSE All-Share Index.

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