Past performance is not a guide to future returns
John Evans, Chairman, commented:
“It is most encouraging that the share price total return for the year was +2.7% as the share rating moved from a discount of 7.48% at the start of the year to a premium of 3.55% at the end. This rerating is a reflection of consistent relative outperformance and an increased and well delivered marketing spend which has attracted greater demand for the company’s shares.”
Full results are available in the Securities Trust of Scotland annual report 2020
Source: Martin Currie, for the six months period to 31 March 2020. The yield reflects dividends declared over the past 12 months as a percentage of the mid-market share price, as at 31 March 2020. Investors may be subject to tax on their dividends.
**On 1 June 2016 Securities Trust of Scotland changed from benchmarking performance against the MSCI World High Dividend Yield index to an unconstrained strategy measured against the performance of the median of the peer group which consists of the AIC Global Equity Income sector combined with actively managed ICVC, SICAV or OEIC funds from Lipper Global – Global Equity Income sector. Performance is measured against the median of this peer group.
Regulatory information and risk warnings
This information is issued and approved by Martin Currie Investment Management Limited. It does not constitute investment advice.
Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.
A statement regarding the management arrangement of the company was issued by the board on 29 June 2020.
This webpage does not constitute and may not be used for the purpose of an offer or invitation to subscribe for or otherwise acquire shares in Securities Trust for Scotland. No representation or warranty, express or implied, is made to the accuracy or completeness of the Annual Report or of the content of this webpage.
As the shares in investment trusts are traded on a stockmarket, the share price will fluctuate in accordance with supply and demand and may not reflect the value of underlying net asset value of the shares.
The majority of charges will be deducted from the capital of the investment trust. This will constrain capital growth of the investment trust in order to maintain the income streams.