Global Portfolio Trust annual report 2017
Martin Currie Global Portfolio Trust has announced strong returns results for the 12 month period ending 31 January 2017.
27 March 2017
Neil Gaskell, Chairman, Martin Currie Global Portfolio Trust commented:
In the 12 months to 31 January 2017, the Company produced a NAV total return of 29.7% and a total share price return of 32.1%.
The share price return has been achieved with lower volatility than almost all investment trusts in the peer group and with an active, high-conviction style of investing. In addition, the Company has steadily grown its dividend over the years and this level maintains its above-average dividend yield in the Association of Investment Companies’ global sector.
The net asset value of the Company grew by £38m during the year to over £216m. Income per share has also increased and costs have been controlled, allowing the Board to recommend an increase of 0.05p in the fourth interim dividend to 1.5p which will be paid on 28 April 2017 to shareholders on the register on 7 April 2017.
The total dividend for the year rises to 4.2p per share giving a yield on the year end share price of 1.9%. The Company has steadily grown its dividend over the years and this level maintains its above-average dividend yield in the Association of Investment Companies’ (‘AIC’) global sector.
Past performance is not a guide to future returns
Source: Martin Currie, for the twelve month period to 31 January 2017. The net asset value is exclusive of income with dividends reinvested. Investors may be subject to tax on their dividends. For more information on portfolio, performance and dividends, please click here.