Global Portfolio Trust half-yearly report 2017
Martin Currie Global Portfolio Trust has announced impressive results for the six month period ending 31 July 2017
6 September 2017
Neil Gaskell, Chairman, Martin Currie Global Portfolio Trust commented:
Martin Currie Global Portfolio Trust performed well during the period delivering a share price total return of 6.2% and net asset value per share (‘NAV’) total return of 7.0% compared with the benchmark return of 6.4%.
The long-term consistency of the Company’s performance is an outcome of the manager’s high conviction, active stock picking of a focused global portfolio of high quality stocks. This was recognised by the AIC in May*, when the Company was rated as one of the most consistently performing investment trusts over the last decade.
The next quarterly dividend will be 0.9p paid in October 2017 which follows the first interim payment of 0.9p paid in July 2017, and brings the total dividend for the period to 1.8p. The trust has successfully operated a progressive dividend policy since launch, and the dividend per share has never been cut. The current dividend yield of 1.8% continues to be above the sector average.
*Source: AIC press release 22 May 2017 "A quarter of most consistently top performing investment companies over the last decade are in the Global Sector." Source for all other data: Martin Currie, for the six months period to 31 July 2017.
Past performance is not a guide to future returns. 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.