SCOTTISH Value Management's #89m Scottish Value Trust fell short of its benchmark during the six months to March 31, but continues to far outpace its comparison index in the long-term.
During the first half of the year, net asset value rose 9.4% to 155.65p per share. This compares to a 10% rise on the FTSE Investment Trust Index.
However, returns since the trust's inception in July 1991 have reached 279.2%, compared to a rise of 143.3% for the benchmark index and a 180.1% advance by the FTSE All-Share.
Earnings for the period were 1.04p per share, compared to the previous year's first-half earnings of 1.88p. The dividend remains unchanged at 1p.
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