Scottish Mortgage Investment Trust performance misses benchmark in first half

07:33 08/11/2019
StockMarketWire.com - Equities investor Scottish Mortgage Investment Trust said it posted a positive first-half performance, though below that of its benchmark.

The company's net asset value per share rose 3.2% over the six months through September.

The FTSE All-World Index rose 9.9% over the same time period.

The company kept its interim dividend steady at 1.39p per share.

The company's pre-tax profit fell to £269.2m, down from £1.20bn on-year, amid a steep drop in gains on investments.

'We are emphatically optimistic about the aggregate and underlying progress of our companies and therefore our portfolio,' chairman Fiona McBain said.

'We see no evidence that the dim global economic conditions or the unappealing international political environment are undermining the tectonic shifts and structural advances driven by broadening and accelerating technological progress.'

'We look forward to putting this case to investors in the months and years ahead.'



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