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Smithson Investment Trust notches 28% valuation gain in first half

By BFN News | 07:33 AM | Tuesday 13 August, 2019


Smithson Investment Trust notched an improved performance in the first half that beat its benchmark. The investment group's net asset value total return per share for the six months through June rose 28%. The MSCI World SMID Index rose 17% over the same time period. 'The board remains positive on the outlook for global small and mid cap equities in the medium to long term but realises that politics and other macroeconomic factors might affect market movements in the short term,' chairman Mark Pacitti said. 'The board intends to continue to issue new shares so as to generate additional value for shareholders net of all issue costs and to enable the investment manager to continue to seek attractive investment opportunities for any further capital raised.' Story provided by StockMarketWire.com

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